Toronto Flooded With Office Space Spurs Fears Of New Bust - Bloomberg

Toronto Flooded With Office Space Spurs Fears Of New Bust - Bloomberg Where Washingtonians earn, spend the most - seattlepi.com (AAPL) in the 30-story Bremner Tower , set to open this year. Sun Life Financial Inc. (SLF) , the countrys third-largest life... More

Toronto Flooded With Office Space Spurs Fears Of New Bust - Bloomberg Where Washingtonians earn, spend the most - seattlepi.com (AAPL) in the 30-story Bremner Tower , set to open this year. Sun Life Financial Inc. (SLF) , the countrys third-largest life insurer, will have a new home at One York Street by late 2016. The majority of buildings that are planned or under construction are outside the citys financial core, a five-block stretch of Bay Street thats home to the countrys biggest banks. While landlords will have to lower their rent expectations, the new towers will fill up as the expanding economy creates more jobs, boosting demand for updated offices, Michael Caplice, senior managing director of office leasing for Cushman & Wakefield in Toronto, said in an interview. Strong Growth We take confidence with the strong growth weve seen through the last cycle, he said. Every single Canadian financial institution seems to be looking for space. Additional projects are planned. City offi Less