Availability is down 110 bps y-o-y with vacancy expected to begin falling in 2026
Insight
02 March 2026
Canada Office Market Dynamics - Q4 2025
Categories:
Vacancy has begun to plateau while availability witnessed a significant decline in 2025 as Canada's office market begins to see signs of recovery. Halifax lead the way with the lowest vacancy in North America at 9.8%. Meanwhile Toronto's financial core saw a surge in leasing with availability down 530 basis points y-o-y.
Click below to download the individual city insight reports:
Calgary office insight
Summary and analysis of Calgary's current economic and office real estate market conditions.
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Montreal office insight
Summary and analysis of Montreal's current economic and office real estate market conditions.
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Southwest Ontario office insight
Summary and analysis of Southwest Ontario's current economic and office real estate market conditions.
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Vancouver office insight
Summary and analysis of Vancouver's current economic and office real estate market conditions.
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Toronto office insight
Summary and analysis of Toronto's current economic and office real estate market conditions.
Edmonton office insight
Summary and analysis of Edmonton's current economic and office real estate market conditions.
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Ottawa office insight
Summary and analysis of Ottawa's current economic and office real estate market conditions.