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Category: Commercial

Vancouver, Victoria have the lowest office vacancy rates in Canada

Mario Toneguzzi Commercial Office British Columbia Oct. 12 2023

The office markets in British Columbia’s two largest cities have the lowest vacancy rates in the country among major centres, according to a recent report, National Market Snapshot Q3 2023, by Colliers Canada.

CRE-residential tax gap increased from last year: Altus

Tyler Choi Commercial Taxes National Oct. 11 2023

The overall ratio of the commercial property tax rate to its residential counterpart across 11 Canadian cities in 2023 increased from last year, according to a survey by Altus Group Ltd., further straining commercial real estate’s finances.

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