Calgary office vacancy rate falling, no new builds: report

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Fewer Calgary offices are sitting empty than in the past two years, according to a new report from commercial real estate services and investment firm CBRE Canada.

Fewer Calgary offices are sitting empty than in the past two years, according to a new report from commercial real estate services and investment firm

CBRE says the data suggests no office projects broke ground at the beginning of 2024, a first in many years, giving office markets a chance to catch their breath after a tumultuous post-pandemic period. Multi-floor tenants looking to move are especially limited, with few options available in Calgary over 50,000 sq. ft. Kwong said getting people back to working from their offices more days a week and companies hiring more staff would make the biggest difference.

The B.C. government has proposed new tenancy protections designed to prevent some "unfair rent increases" and "bad-faith evictions," officials announced Tuesday.Residents of CRAB Park faced a delay in returning to their designated sheltering area this week as cleanup crews were apparently met with worse conditions than expected.A man and a woman from B.C.

A Toronto-area cop has been temporarily demoted after entering a peace bond on allegations of domestic assault and admitting to mocking a man in custody who was suffering from mental health issues.After a stretch of dry weather through the Easter long weekend, Southwestern Quebec is bracing for snow this week. Montreal could see more than 10 centimetres of accumulation.

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