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Strong leasing momentum signals sustained market confidence
Toronto's office market remained resilient in Q2 2026 despite a period of heightened economic uncertainty. Leasing activity reached 1.6 million square feet (msf), up 0.3 msf year over year and above the fiveyear quarterly average, as occupiers continued to make long-term real estate commitments amid trade policy uncertainty, inflationary pressures and broader market volatility. Activity remained concentrated among financial services, technology and institutional tenants, supporting demand for well-located, high-quality office space