Quote:
Originally Posted by Snuffleupagus
Scary part for me.
Downtown commercial vacancy rates
Vancouver = 3.7 %
Toronto = 4.4 %
Montreal = 7.9 %
Calgary = 27.8 %
I'm told if this doesn't change soon to expect a big hit on housing prices
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This number may be accurate but isn't the full picture. There was a ton of office space from a building boom coming online just as the recession was hitting. It's brutal timing.