Canada Office National Report

While Canada’s office job growth has stalled amid labour market weakness, office utilization continues to trend upward. This increase is primarily driven by return-to-office mandates in both the public and private sectors, which have boosted leasing activity in downtown cores and put downward pressure on vacancy rates. Office redevelopment is also gaining momentum across Canada, helping to reduce underutilized office.

• Detailed outlook on Canada’s office sector in 2026
• Snapshots of the office sector’s performance across seven major Canadian metros
• Recent trends and outlook for investment activity and capital markets