Toronto Office And Retail Are Quietly Recovering – Here’s Why Ontario Landlords Need To Fix Their Financing Before Lenders Fully Reprice The Upswing

After years of doom-and-gloom, downtown Toronto office vacancy is finally trending down, with Class A space seeing stronger leasing and national downtown vacancy easing as demand returns. That shift is already changing how lenders underwrite net operating income, vacancy assumptions, and loan sizes for office and street-front retail across Ontario, which means some properties now qualify for better financing than they did even a year ago. As a commercial mortgage broker, I help landlords use improving occupancy and rent rolls to negotiate higher proceeds, better rates, or CMHC-insured options where applicable, instead of leaving money on the table while the market quietly recovers. If your building’s performance has improved but your loan still reflects “pandemic era” assumptions, now is the time to see what the market will really give you.

Source: https://www.cbre.ca/press-releases/strong-toronto-office-leasing-momentum-drops-national-downtown-vacancy-rate

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