The conditions are still not ripe for major pension funds to be in the office acquisition market this year, according to participants in a wide-ranging discussion on the Canadian office market at RealCapital in Toronto.
There've been few recent trophy office sales in the Greater Toronto Area, but activity at the $100-million level and below has been steady, says Colliers' Nicholas Kendrew. Observers are closely watching one marketing process - the Yonge Corporate Centre.
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