Recent Market Reports
GTA West Industrial Market Report (Q1 2008)
The threat of rising development charges in the GTA West is quickly becoming a hot topic amongst real estate professionals.Earlier this quarter a number of real estate developers and brokers met with Milton Town officials to plead their case in favour of not rising development charges. If the proposed changes were to pass, development charges could double in price to approximately $25 per square foot.
GTA West Office Market Report (Q1 2008)
The addition of new office space in the GTA West counteracted a number of larger office transactions to keep the overall vacancy for Class “A” office space in the GTA West fairly level. Over the quarter, the vacancy rate increased by 0.2% to reach 9.6%.
GTA West Office Market Report (Q4 2007)
Overall vacancy in the GTA West increased by 0.3% during Q4,2007 as a result of new office completitions at 5900 Hurontario STreet and 6775 Financial Drive, which resulted in 388.956 sq.ft. of new inventory being added to the market.
GTA West Industrial Market Report (Q4 2007)
The end of 2007 witnessed a 3% increase in the average net rental rate for industrial space, up to approximately $5.50 per square foot. Hidden in this average rental rate is the differential between net rents in newer facilities with higher clear heights and second generation products. With increasing land and construction costs it is likely that net rental rates could rise to and beyond the $7.50 per square foot level for newer products.
Toronto Downtown Office Market Report (Q4 2007)
Continued absorption of space pushed the vacancy rate down to 5.2% in the fourth quarter of 2007. The ongoing decline in the number of available space options for tenants means that the Downtown market will continue to favour landlords. Nodes outside the Financial Core continue to offer excellent value to tenants.
2007-2008 Fall/Winter Newsletter
Greater Toronto Area Office Market Report (Q2 2007)
Vacancy in Toronto's Downtown market continued to decrease during the second quarter. In the Midtown district, absorption of space remains strong. In the East market, vacancy declined while rental rates moderated, and in the North district, new construction led to an increase in vacancy.
Greater Toronto Area West Industrial Market Report (Q2 2007)Mississauga industrial rental rates are likely to increase - Out of total inventory of 154 million sq.ft. Vacancy in Mississauga at the end of Q2 2007 was 5.1% down from 6.1% in Q2 2006.Mississauga experienced the highest increase in available space in the Greater Toronto Area (GTA) growing by 1,060,082 sq.ft.
Greater Toronto Area Investment Review (Mid-Year 2007)
Transactions for the first half of 2007 totalled $3.75 billion across all asset classes in the GTA, more than half a billion dollars higher than last year’s first half total of $3.2 billion. Market activity has remained relatively buoyant, with nearly all sectors showing increased sales over the same period one year earlier.
2007 Spring/Summer Newsletter
Greater Toronto Area West Office Market Report (Q1 2007)
Toronto's Downtown market continues to tighten, with vacancy decreasing further over the first quarter. Absorption of space remains strong in the Midtown district. Building completions caused a slight increase in vacancy in the East market, while the North district's trend of high absorption moderated during the quarter. Construction continues at a rapid pace in the GTA West district.
Greater Toronto Area West Industrial Market Report (Q1 2007)
The strong absorption over the last 6 months that drastically reduced the vacancy rate from 6.1% in the third quarter of 2006 to 5.0% in the fourth quarter, has begun to remain relatively stable, settling at 5.1% in the first quarter of 2007.
Greater Toronto Area Investment Review (Year-End 2006)
Transactions for the second half of 2006 totalled $4.3 billion across all asset classes, for a total of $7.45 billion in property transactions for the year. Both domestic and foreign investors continue to generate demand for commercial real estate in the GTA.
Greater Toronto Area Office Market Report (Q4 2006)
Toronto's Downtown district saw a further decrease in vacancy in the fourth quarter. Asking rates are expected to remain steady in the North end. The East market is still balanced, and the Midtown market experienced a decline in vacancy rates.
Real Estate Forecast 2007 - Greater Toronto Section
In spite of the explosive pace of new construction in the GTA, Canada’s largest industrial market remains steady, buoyed by a strong logistics business and a tenant desire for newer product. In the investment market, the compressed capitalization rates witnessed in 2006 should remain the norm in 2007 as the industrial sector continues to pace investment activity in suburban Toronto.
2006 Fall/Winter Newsletter
Suburban explosion: The 905 office boom.
Greater Toronto Area Office Market Report (Q3 2006)
The Downtown office market continues to tighten. Asking rates are expected to remain steady in the North end. Availability is predicted to decline in the East market, while the Midtown market will remain stable.
Greater Toronto Area Investment Review (Mid Year 2006)
Demand remains high for commercial real estate from both domestic and foreign investors. Canada's economic indicators point to continued stability throughout 2006. Transactions totalled $3.2 billion across all asset classes for the first half of the year.
Toronto West Industrial Market Report (Q2 2006)
Average asking net rates in the GTA West range from $5.00 to $6.50 per sq.ft., with average asking sale prices ranging from $75 to as high as $120 per sq. ft.
Greater Toronto Area Office Market Report (Q1 2006)
Toronto office market tightens up throughout all areas of the city as vacancy rates continue decline.
Toronto West Industrial Market Report (Q4 2005)
Vacancy rate is currently at 6.5% up from 6.1% in the previous quarter, this increase from 5.2% a year ago is heavily influenced by...more
Greater Toronto Area Office Market Report (Q4 2005)
Vacancy rates remained stable through the ending of 2005.
2005 Fall/Winter Newsletter
Toronto faces a tightening market.
2005 Spring/Summer Newsletter
The Canadian real estate sector has become particularly attractive to foreign investors.
Greater Toronto Area Office Market Report (Q3 2005)
Vacancy rates have fallen in most areas of the GTA.
Greater Toronto Area Investment Review (Mid Year 2005)
Office transactions in the first half of 2005 were almost twice the amount for the same period in 2004. Capitalization rates appear to have bottomed out. Apartment vacancy rates are around 4.3% and predicted to rise to 5% by the end of 2005. The price per square foot of industrial space continues to rise.
Greater Toronto Area Office Market Report (Q2 2005)
Financial Core Availability continues to decrease reaching a three-year low across all asset classes. Overall Vacancy in Midtown had decreased. In North Yonge, there was a nominal decrease in availability in Q2 2005 and the overall total available rate at the end of the quarter stood at 16.3%.
National Office Vacancy Review (Mid Year 2005)
Across Canada Office Vacancy rates have declined steadily in both downtown and suburban markets. A strong Canadian economy has contributed to the steady absorbtion rates and is expected to continue. Toronto area vacancy continues to edge downwards.
Greater Toronto Area Office Market Report (Q1 2005)
Availability in the Financial Core declined. Availability in Downtown West rose. In Toronto East the availability jumped to its highest mark in over a year, while Toronto North dropped.
Toronto West Industrial Market Report (Q1 2005)
Industrial properties continue to be sought-after real estate class. Leasing Activity throughout the GTA west in the First quarter of 2005 increased. Vacancy dropped slightly from the previous quarter.
Greater Toronto Area Investment Review (Winter 2004 / 2005)
The second half of 2004 witnessed the strength of investment sales in the Greater Toronto Area. Industrial Sector had a record year in 2004. Apartment building sales in 2004 more than doubled compared to 2003. Low borrowing rates continue to turn renters into buyers.
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