On August 8, 2024, the Bank of Canada announced it had enlisted three external experts to independently assess its ongoing internal review of the exceptional policy measures taken during the COVID-19 pandemic. 

This review will include an in-depth analysis of programs used in stabilizing the Canadian economy during the COVID-19 pandemic global crisis.

The experts appointed by the Bank’s Governing...

On August 2, 2024, the Government of Canada, in collaboration with 30 communities nationwide, announced an agreement to accelerate the construction of over 1,700 housing units within the next three years. This initiative aims to support the development of more than 14,700 homes over the next decade, emphasizing higher-density housing, student housing, homes near transit, and affordable housing. With...

The Avison Young Greater Toronto Market Fundamentals Q2 2024 report has been released. It indicates that the GTA office market continues to experience significant shifts in Q2 2024. 

Availability and Construction

The overall availability rate of office space has climbed to 20.2%, marking an increase from 19.5% in Q1 2024. At the same time, the market has seen an influx in sublet space, now at 8...