Availability tightens in CBD as more companies implement return-to-office mandates

Office-using employment growth in Ontario slowed further in Q2 2025, with May 2025 posting the lowest year-over-year growth since April 2024. This was largely due to the massive cut of public administration jobs, marking the first time in a decade that the public service has shrunk in Canada. While uncertainty surrounding U.S. economic policy remains, the recent federal election has provided a greater sense of domestic stability as the new prime minister continues to lay out his government’s agenda.

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