CANADA — Office vacancies climbing

(Source: Toronto Star)

As housing leads Canada out of recession, commercial markets continue to flounder.

Economic uncertainty and high unemployment have resulted in office vacancy rates jumping to 9.8 per cent in the fourth quarter, up from 6.7 per cent a year earlier, according to a report Thursday by CB Richard Ellis Ltd.

Read Tony Wong’s full article “Office vacancies climbing” in the Toronto Star (December 18, 2009).