GTA commercial activity noticeably strengthens in November

Latest data from the TREB Commercial Network showed that over 378,000 square feet of combined industrial, commercial/retail, and office space was leased through TREB’s MLS® System in November 2017, representing a nearly 30% increase compared to the same month a year ago.

More than 70% of this space was in the industrial market segment, according to TREB president Tim Syrianos.

“It was positive news that the amount of space leased in November was up compared to last year,” Syrianos said, but quickly added that “it is important to point out that we do see volatility in the number and size of transactions from month to month. Over the longer term, demand for commercial space is driven by the prospects for economic growth.”

Read more: Transit projects are crucial to Toronto market’s future growth – report

“Right now the Canadian economy, and southern Ontario therein, is performing very well from a global perspective. It makes sense that we would see strong demand for commercial space moving forward, both from existing firms in the GTA and firms who are looking to locate in our diverse economic region,” Syrianos explained.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?