by Allen Mayer | Oct 29, 2020 | Real Estate News
While employment numbers have improved and restrictions were lifted over the third quarter, the second wave of the pandemic may now impede Canada’s road to recovery. Statistics Canada reported a decreasing unemployment rate in August at 10.2%, down slightly from 10.9%...
by Allen Mayer | Oct 6, 2020 | Real Estate News
Canada’s largest commercial landlords are seeing some improvements in rent collection as tenants find ways to normalize their businesses during the pandemic. Allied Properties Real Estate Investment Trust, which operates 200 offices and other properties in Canada’s...
by Allen Mayer | Oct 2, 2020 | Real Estate News
With the coronavirus outbreak showing no signs of slowing down, the Greater Toronto Area office market is now exhibiting conditions similar to its state during the 2008/2009 financial meltdown, according to Colliers Canada. “Six months into the COVID-19 pandemic,...
by Allen Mayer | Jun 25, 2020 | Real Estate News
What was Toronto’s commercial real estate market like in the before times? It was tight, meaning a large chunk of properties were leased, which drove rents up. At the end of 2019, we had a commercial vacancy rate of 2.9 per cent. That’s ridiculously low, both...
by Allen Mayer | Apr 17, 2020 | Real Estate News
April 16, 2020 Ottawa, Ontario Small businesses are the backbone of our economy, and are vital for our families and communities across the country. They are facing economic hardship and uncertainty during the COVID-19 pandemic. That is why the Government of Canada is...
