Toronto's Office Real Estate Market Heating Up

Toronto's Office Real Estate Market Heating Up

Toronto's Office Market is heating up, and there have been many deals to back this up. Last year $13 billion dollars in deal went through the system in the Greater Toronto Area. Even while there has been increasing talk of a Real Estate Bubble or Crash in the Toronto market. Seems like business have a deep interest in setting up shop in the core especially. The numbers which came from RealNet Canada Inc, and found that there were 1984 transactions, each of which at a minimum of $1 million dollars.

In addition to the the Real Estate Tranactions there is a massive push to develop new office space, with no less than 5 to 6 office projects under construction or planned. Those projects include the Bay Adelaide Center - Tower 2, 100 Adelaide which is in the rezoning process, then those towers under construction including, RBC Waterpark Place, Bremner Tower in Southcore Financial Centre, and now One York by Menkes, also in Southcore.