Recent Market Reports 
GTA Investment Review (Summer 2010)
Stable to improving market fundamentals, borrowing costs lower than at the peak of the credit crisis (2007), and high availability of debt are finally leading to increased commercial real estate investment sales activity across the Greater Toronto Area (GTA).
Office Market Report – Canada, U.S. (Mid-Year 2010)
Property fundamentals may be turning more positive for some markets than anticipated in Canada, while most U.S. markets continue to operate under the guise of the recent recession. In any event, neither market has returned to its pre-credit crisis form.
GTA Office Market Report (Mid-Year 2010)
Toronto, Canada’s largest office market with more than 170 million square feet (msf) has yet to return to pre-credit crisis form. Through the first six months of 2010, the Greater Toronto Area (GTA) vacancy rate (physically unoccupied space) climbed to 11.2% from 9.6% one year ago. Though vacancy has trended higher, the availability rate (space marketed for lease) remained unchanged from the first quarter 2010 and has increased by only 30 bps since year-end 2009 - an encouraging sign.
GTA North and East Office Market Report (First Quarter 2010)
The GTA North and East office markets appear to be heading in opposite directions. GTA North witnessed a marginal change in availability and vacancy, each rising 10 basis points (bps) to close the first quarter of 2010 at 9.2% and 7.8%, respectively. In contrast, the GTA East market continues to be plagued by double digit availability (up 70 bps to 14.4%) and vacancy (up 50 bps to 14.3%) rate and several large blocks (i.e. >50,000 sf) of contiguous office space.
Greater Toronto Area Office Market Report (First Quarter 2010)
The Greater Toronto Area (GTA) office market put up disappointing numbers in the first quarter of 2010. Demand softened, resulting in a decline in occupied area of 14,500 sf, while the overall vacancy rate increased to 10.6% and is up 250 basis points (bps) from the same quarter a year ago. Though more space has returned to the market over the past year, the rate of increase has decelerated since year-end 2009, with vacancy rising only 20 bps.
National Newsletter (Spring/Summer 2010)
Canadian commercial property returns outpace most world markets while developers and building owners expect to benefit from the City of Toronto’s new business incentive programs.
Greater Toronto Area Investment Review (Winter 2009-2010)
Commercial real estate investment activity strengthened in the second half of 2009, but totals for the year lagged behind 2008 numbers as uncertain market conditions created by the global economic downturn took their toll on both the value and quantity of transactions across the Greater Toronto Area (GTA).
Avison Young Real Estate Forecast 2010
The Toronto commercial real estate scene succumbed to the global economic and financial crisis in 2009.
National Newsletter (Fall/Winter 2009)
Vacancy trend upward in major office towers.
National Office Market Report (Mid-Year 2009)
Pause in leasing demand and rise in sublease space push up Canada’s national office vacancy rate, but fundamentals remain intact
National Newsletter (Spring/Summer 2009)
Rising unemployment will curb demand, but sound fundamentals bode well for Canadian markets long term.
Greater Toronto Area Office Market Report (Q4 2008)
For the first time since 2003 the downtown vacancy rate for Class A space slowly crept upwards to end 2008 at 4.4%. Despite this rise in vacancy, Toronto’s overall vacancy rate across all classes remained below 5% throughout 2008.
Avison Young Real Estate Forecast 2009
Avison Young forecasts declines in deal volumes.
Greater Toronto Area Downtown Office Market Report (Q3 2008)
Once again, the vacancy rate for Class A buildings in the downtown market of Toronto was low, declining from 4.6% to 4.1% during the third quarter. Absorption in Class A space returned to positive levels, but this was not enough to offset the continuing negative absorption of Classes B and C in the downtown.
Greater Toronto Area Investment Review (Fall 2008)
Despite the impact of the credit crunch on global stock markets, the Greater Toronto Area has held up surprisingly well, with most asset classes showing high occupancy rates and investment yields for prime properties remaining solid. However, the activity level in 2008 has been well below the corresponding period in 2007. We do anticipate more property being offered for sale in the next quarter.
Avison Young National Office Market Report (Summer 2008)
Greater Toronto Area Office Market Report (Q2 2008)
The vacancy rate for Class ‘A’ buildings in Toronto’s Downtown market remained low at 4.6%, despite a small rise from 4.5% during the previous quarter. For the first time in four years there was negative absorption of 35,457 square feet of Class ‘A’ office space in the Downtown market. In addition, there was also negative absorption in both Class ‘B’ and Class ‘C’ office space in the Downtown.
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