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Canada’s Office Stability Eludes the U.S. Performance

TORONTO-According to Avison Young’s chair and CEO, ‘in light of moderate job and GDP growth, the majority of Canada’s markets continue to display healthy office market fundamentals, while the US has progressed at a slower pace.’

By Natalie Dolce | Updated on August 13, 2012

TORONTO-According to a recent mid-year office report from Avison Young, there continues to be a significant dichotomy between the performance of the Canadian and US office markets. While Canada has displayed stability, progress across the US has been more uneven, the report says, stalling any significant growth.

According to Mark Rose, chair and CEO of the firm, “As we close the books and look back at the first-half performance of 2012, we were hoping to be further along the recovery curve, at least in the US. In light of moderate job and GDP growth, the majority of Canada’s markets continue to display healthy office market fundamentals, while the US has progressed at a slower pace.”

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