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Toronto leads the nation's office recovery

Increased demand begins to spread to other cities, CBRE says
CIBC Square II accounted for most of the new office inventory added in Toronto in the first quarter. (CoStar)
CIBC Square II accounted for most of the new office inventory added in Toronto in the first quarter. (CoStar)
CoStar News
April 16, 2026 | 4:46 P.M.

Toronto is driving the recovery of Canada’s office market, with the region posted three consecutive quarters of tenants moving into at least 1 million square feet more of space than they moved out of in a recent report. Now other markets are starting to see more demand for office space as well.

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