What has held back office-to-residential conversions in the Greater Toronto Area? Certainly not a lack of vacant office buildings. Numerous high-vacancy buildings exist in the market today that could be candidates for conversion.
Nuanced look at apartment demand suggests conversions may be more feasible than first thought
Latent demand for affordable rental units is emerging as supply remains constrained
CoStar Analytics
May 20, 2026 | 4:58 P.M.
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