Financial Post: Businesses expect slower sales in short term as cost, labour issues persist: survey
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Toronto Star: Is Toronto rotting at the core? Downtown foot traffic still 46% lower than before pandemic, study finds
Foot traffic in downtown Toronto has continued to fall significantly since pre-pandemic norms in 2020, as hybrid work persists and fewer residents travel to work downtown, a new study has found.
Financial Post: Bank of Canada raises rate 75 bps and signals more hikes to come
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Empty Canadian offices fill 89 Rogers Centres – and it’s a chance to reimagine downtown
Almost 50 million square feet of vacant office space is available in Canadian downtowns, with nearly 40 per cent of that becoming vacant since the COVID-19 pandemic hit. That’s the equivalent of 89 baseball stadiums the size of Rogers Centre in Toronto.