A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt companies to reduce their office space.
It says office vacancy in Canada has risen from around eight to 14 per cent since 2020, but that figure is expected to fall in early 2025 barring a major economic downturn over the next 18 months.
Economic growth is tempering vacancy growth, even as hybrid work becomes more popular, thanks to businesses expanding and new companies entering the market.
Fifty-five per cent of companies say they have finalized their approach to balancing in-office and remote work, up from 49 per cent in the fourth quarter. Eighty-six per cent of tenants indicated they are satisfied with their current hybrid arrangements.
The report says the average number of days companies are mandating employees to work at the office increased from 2.5 in late 2022 to three last quarter.
Colliers says commercial tenants are 10 percentage points more likely to renew a lease for each additional day their employees work at the office, with companies most likely to keep their current square footage of space if staff work in-office at least four days per week.
This report by The Canadian Press was first published Aug. 15, 2023.
Nobel laureate Alice Munro, the Canadian literary giant who became one of the world's most esteemed contemporary authors and one of history's most honoured short story writers, has died at age 92.
Wildfires have led Environment Canada to issue air quality advisories for parts of B.C., Alberta, Manitoba, Saskatchewan and the Northwest Territories, as forecasters warn the smoke could drift farther east.
The annual list of Canada's top restaurants in the country was just released and here are the places that made the 2024 cut.
Armed assailants killed two French prison officers and seriously wounded three others in an attack on a convoy in Normandy on Tuesday and an inmate escaped, officials said.
Canadian LifeLabs customers who filed an application for a class-action settlement began receiving their payments this week, though at a much lower amount than initially expected.
Repeat car thieves may face lengthy licence bans under proposed changes to Ontario’s Highway Traffic Act.
A Japanese company has announced it will build an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
The BC NDP have tabled legislation aimed at stopping people who have committed certain heinous acts from changing their names.
Manitoba Premier Wab Kinew will get a close-up look at the devastation from a large wildfire burning in northern Manitoba Tuesday.
Ontario Provincial Police are responding to a fatal collision involving two vehicles on Highway 417 in Ottawa's west end on Tuesday morning.
Canadian LifeLabs customers who filed an application for a class-action settlement began receiving their payments this week, though at a much lower amount than initially expected.
A wildfire in the community of Fort Nelson has significantly expanded as residents in British Columbia's northeast receive more mandatory evacuation orders.
A forensic DNA expert called as a witness in the trial of admitted serial killer Jeremy Skibicki testified the DNA of his four victims was found in his apartment. Still, efforts to identify one of the victims were unsuccessful.
An 11-year-old child has died after being struck by a school bus while bicycling in Rockland, Ont., according to police.
Manitoba Premier Wab Kinew will get a close-up look at the devastation from a large wildfire burning in northern Manitoba Tuesday.
An American accused of sexually assaulting a Pennsylvania college student in 2013 and later sending her a Facebook message that said, 'So I raped you,' has been detained in France after a three-year search.
For decades, police across the United States have been warned that the common tactic of handcuffing someone facedown could turn deadly if officers pin them on the ground with too much pressure or for too long.
A bus carrying farmworkers in central Florida overturned on Tuesday, killing eight people and injuring about 40 other passengers, authorities said.
The broiling summer of 2023 was the hottest in the Northern Hemisphere in more than 2,000 years, a new study found.
Protesters against the war between Israel and Hamas were voluntarily taking down their tents in Harvard Yard on Tuesday after university officials agreed to discuss their questions about the endowment, bringing a peaceful end to the kinds of demonstrations that were broken up by police on other campuses.
U.S. Secretary of State Antony Blinken said on Tuesday that American military aid on its way to Ukraine will make a 'real difference' on the battlefield, as the top diplomat made an unannounced visit to reassure an ally facing a fierce new Russian offensive.
The foreign minister of the Philippines wants closer business and military ties with Canada, saying the two countries can help maintain the post-war order in the Indo-Pacific by maintaining peaceful relations with both the U.S. and China.
Artificial intelligence will have an impact on the Canadian labour force, a parliamentary committee recently heard, and MPs are suggesting ways the federal government can better prepare.
A Japanese company has announced it will build an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
Eating enough healthy fats is great for brain and heart health, but new research has possibly provided even more evidence for adding them, particularly omega-3s, to your diet.
New analyses of the longest clinical trial yet of the weight-loss drug Wegovy are shedding light on how quickly it helps people lose weight, how long they sustain that weight loss and how safe the medicine is over four years of use.
A woman says her husband was turned away from a Saskatchewan detox facility because of a disability he lives with, which brought the centre under scrutiny in the legislature on Monday.
High-level envoys from the United States and China are set to meet in Geneva on Tuesday for talks about artificial intelligence.
OpenAI on Monday announced its latest artificial intelligence large language model that it says will be easier and more intuitive to use.
Justin Trudeau says Meta is making billions off people, but taking no responsibility for the well-being of communities they profit from.
Ellen DeGeneres is reflecting on how her talk show came to an end in her newest Netflix special, 'Ellen's Last Stand ... Up Tour.'
A British Columbia castle is hosting Hollywood royalty this week as filming gets underway on a supernatural love story spanning seven decades.
Maestro Fresh Wes, Metric, Neon Dreams, Sara Dufour and Willows will perform on Canada Day in Ottawa.
A Japanese company has announced it will build an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
Edwin Mostered spent thousands of dollars booking a vacation home in Whistler, B.C., for a group skiing trip earlier this year – or so he thought.
GameStop and AMC Entertainment have again captured retail investors' attention, reminiscent of "the meme stock frenzy" that gripped Wall Street three years ago.
The annual list of Canada's top restaurants in the country was just released and here are the places that made the 2024 cut.
The 148th Westminster show kicked off Saturday, and Monday marked the start of the traditional judging that leads to the best in show prize, to be awarded Tuesday night.
f you’d like to install a raised bed but don’t have the resources to build one, you can achieve the same effect by growing your plants in straw bales. It’s also a great option for those with poor soil or who don’t have a patch of dirt to call their own.
Minnesota Timberwolves centre Rudy Gobert was fined US$75,000 by the NBA on Tuesday for another 'inappropriate and unprofessional gesture' that suggested a lack of integrity with the league and its game officials.
The Edmonton Oilers appear to be making a change in net for Game 4 against the Vancouver Canucks Tuesday night.
Veteran defensive lineman Shawn Lemon is on the field at Montreal Alouettes training camp Tuesday despite facing a suspension for sports gambling.
A Japanese company has announced it will build an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
Repeat car thieves may face lengthy licence bans under proposed changes to Ontario’s Highway Traffic Act.
Amazon's self-driving robotaxi unit is being investigated by the U.S. government's highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists.
A $200 reward is being offered by a North Vancouver family for the safe return of their beloved chicken, Snowflake.
Two daughters and a mother were reunited online 40 years later thanks to a DNA kit and a Zoom connection despite living on three separate continents and speaking different languages.
Mother's Day can be a difficult occasion for those who have lost or are estranged from their mom.
YES Theatre Young Company opened its acclaimed kids’ show, One Small Step, at Sudbury Theatre Centre on Saturday.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
Canadian LifeLabs customers who filed an application for a class-action settlement began receiving their payments this week, though at a much lower amount than initially expected.
A TransLink bus was dispatched to Sasamat Lake in Port Moody Friday night as police dealt with 'hundreds of intoxicated youths at closing time.'
A British Columbia castle is hosting Hollywood royalty this week as filming gets underway on a supernatural love story spanning seven decades.
Two people have been injured, one critically, in a multi-vehicle collision involving a school bus in Scarborough.
A Japanese company has announced it will build an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
The annual list of Canada's top restaurants in the country was just released and here are the places that made the 2024 cut.
A Calgary man has been charged with first-degree murder after human remains were discovered west of the city in April.
Calgary's iconic Rose and Crown pub closed its doors for good last year, but the building will soon be home to another bar.
Two people were killed and another was seriously injured in a crash in southern Alberta on Sunday.
Ontario Provincial Police are responding to a fatal collision involving two vehicles on Highway 417 in Ottawa's west end on Tuesday morning.
The Israeli flag is flying at Ottawa City Hall today to mark the country's national day, with plans to hold a private ceremony to mark Israel's Independence Day. There is a significant police presence at City Hall, including security barriers outside the main doors.
An 11-year-old child has died after being struck by a school bus while bicycling in Rockland, Ont., according to police.
A new magazine ranking has confirmed what most Montrealers already know: the city is home to some of the best restaurants in the country.
Two Montreal businesses are apologizing after a video circulating on social media showed a man throwing water on a homeless person sleeping outside of a Chinatown storefront.
Part of Highway 40 in the West Island is expected to be closed overnight as work continues on the Ile-aux-Tourtes Bridge.
The associate dean of equity, diversity and inclusion in the University of Alberta's faculty of arts resigned Monday over the removal of student protesters from the school's campus, citing an inability to do the job.
The Edmonton Oilers appear to be making a change in net for Game 4 against the Vancouver Canucks Tuesday night.
The death of a man in a central Edmonton fight is being investigated as a homicide. A 34-year-old man was charged with second-degree murder.
A Halifax restaurant has been named as one of the best in the country.
TLC fans looking forward to their concert in Moncton, N.B., on Tuesday will be disappointed to find out that the show has been cancelled due to illness.
A 17-year-old male from Nasonworth, N.B., has been charged with second-degree murder following the death of a 34-year-old man in the community.
A forensic DNA expert called as a witness in the trial of admitted serial killer Jeremy Skibicki testified the DNA of his four victims was found in his apartment. Still, efforts to identify one of the victims were unsuccessful.
Manitoba Premier Wab Kinew will get a close-up look at the devastation from a large wildfire burning in northern Manitoba Tuesday.
A child advocacy centre will be getting major infrastructure upgrades.
Saskatchewan RCMP are set to provide an update on what the service calls a "significant" sexual assault and internet child exploitation investigation.
One man is in custody following an investigation that saw over a kilogram of cocaine seized as well as an array of drug trafficking paraphernalia.
A woman says her husband was turned away from a Saskatchewan detox facility because of a disability he lives with, which brought the centre under scrutiny in the legislature on Monday.
Kitchener city councillors voted in favour of giving THEMUSEUM $300,000 to avoid being forced to close.
Waterloo Regional Police have arrested a woman in connection to a fraud investigation that has seen authorities lay more than 50 charges, and recover nine stolen vehicles.
Red Cross is helping 12 people who were displaced following an apartment fire in Cambridge.
Saskatchewan RCMP are set to provide an update on what the service calls a "significant" sexual assault and internet child exploitation investigation.
The City of Saskatoon, the fire department, and the police service are uniting to launch nearly a dozen initiatives in hopes of cracking down on crime and improving safety.
The end of the school year and a looming fall election are putting additional pressure on the province to strike a deal with Saskatchewan teachers, according to two political scientists.
The search for a missing northeastern Ontario man has come to a tragic end after his remains were identified.
Wildfires have led Environment Canada to issue air quality advisories for parts of B.C., Alberta, Manitoba, Saskatchewan and the Northwest Territories, as forecasters warn the smoke could drift farther east.
A sexual assault victim was seriously injured and numerous police officers were attacked in an incident last weekend in northwestern Ontario.
One person has been taken to hospital with serious injuries after a vehicle tumbled approximately 30 meters down a steep embankment along Highbury Avenue, near Highway 401.
One person is dead and a second is injured following a blaze in London’s northeast end. Nearly 30 firefighters on eight London Fire Department vehicles arrived at 1600 Nairn Ave. at approximately 8:30 a.m.
The lawyers for five former Canadian World Juniors hockey players charged with sexual assault appeared via Zoom in a London, Ont. courtroom Tuesday morning.
The County of Simcoe is proposing introducing measures to ensure residents participate in its organics program after a recent audit revealed that nearly half of the waste tossed into garbage carts didn't belong there.
Simcoe County was under a severe thunderstorm warning with the potential for strong winds up to 90 kilometres per hour, toonie-sized hail, and heavy downpours on Monday.
A health care worker from Midland received an unexpected birthday surprise when a lottery ticket she was gifted turned into a life-changing windfall.
Windsor police are asking for help locating a missing 41-year-old woman.
Windsor police bail compliance members have arrested a 24-year-old murder suspect following repeated violations of his bail conditions after he was charged in 2018.
Caesars Windsor has announced the TLC show scheduled for this week has been cancelled due to artist illness.
A British Columbia castle is hosting Hollywood royalty this week as filming gets underway on a supernatural love story spanning seven decades.
British Columbia is launching a two-year pilot program to integrate before- and after-school child care into classrooms and other school spaces.
Canadian LifeLabs customers who filed an application for a class-action settlement began receiving their payments this week, though at a much lower amount than initially expected.
One person is dead after a fight in Penticton early Sunday morning, according to authorities.
A suspect is at large after robbing a convenience store at gunpoint in Merritt, B.C., Friday, according to local police.
After four targeted shootings in four days, Mounties in Kamloops are taking the unusual step of warning the public about two men they believe are likely to be targeted in future violent incidents.
Two people were killed and another was seriously injured in a crash in southern Alberta on Sunday.
Some Lethbridge charities are having a hard time staffing volunteers, saying the number of people willing to donate their time to non-profits over the years has decreased.
Thousands of messages were sent between a teenage girl in the U.S. and an Alberta man posing as a young boy, a police investigation has revealed.
Few details have been made available, but there is an increased police presence in the First Nation of Wiikwemkoong on Tuesday afternoon.
An Elliot Lake man is one of northern Ontario's latest lottery winners after winning $100,000 playing the Encore.
Ontario’s police watchdog has been called in after multiple shootings in Sault Ste. Marie took place last weekend.
Police in Newfoundland say patrol officers were assaulted Thursday by a "very irate male" wielding a block of cheese.
Health officials say there is an outbreak of whooping cough in eastern Newfoundland.
Ontario Provincial Police are facing tough questions about their search for a missing Newfoundland trucker whose rig was found two weeks ago in Ontario, then sent back to Newfoundland, where his body was found Monday in the trailer.
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