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Toronto leading the nation's office recovery

Increased demand beginning 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, after the region posted three consecutive quarters of net absorption of 1 million square feet or more. Now other markets are starting to see more demand for office space as well.

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