rdaner
Senior Member
I wonder if Rogers is looking? They could sell one of their buildings on Bloor East for a lot.
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Yes I am bumping this. John Peets clearly states that the office absorption rate for AAA space is under 6%. He advised on LinkedIn to sign a lease for 5 years so that you can be ready to onboard to The HUB. So he is clearly hinting something is up and happening soon. With all the RTO happening, space will be needed. I knew it would be in 2025 cause the big US banks are all coming back to work full time and I am in mgmt and I have to be in 3 days a week minimum and soon to be increased.
My work is mandating 3 days a week now as well. Feels like it has been busier in the PATH lately.I have two friends that work in the finance field. They have been mostly working from home since COVID. They were both told in the last two weeks they are going to have work at offices 5 days a week.
This is good, maybe the Hub, CC3, Union Center, and Union Park may finally be built.
They should have bought out HSBC. HSBC was making 600 million a year in Canada. I find it odd for Santander, considering they are looking to pull out of the UK. ING was doing well and making money here. Problem was they had issues back home which they needed to focus on.Huge shot in the dark, but I wonder if this has anything to do with Santander. They are a banking giant from Spain and are apparently looking to enter the Canadian banking sector, hoping to succeed where ING and HSBC failed. The formal decision on their banking license application is due by April 2025.
ING was doing well and making money here. Problem was they had issues back home which they needed to focus on.
I have two friends that work in the finance field. They have been mostly working from home since COVID. They were both told in the last two weeks they are going to have work at offices 5 days a week.
I get it... Let me dreamOne day, maybe, but there is certainly not enough market interest (that I've heard about) to support all of those.
Even 2/4 is ambitious is the near term........but there are more players looking than current, ideal, space..........soooo we'll see.
Yeah I’m surprised that a different foreign bank didn’t end up buying HSBC Canada. The justification for Santander’s possible entry into Canada is that our banking sector is extremely profitable - the article I linked says that in the quarter preceding when the article was written, RBC made $4.2B (not identified if this is revenue or profit) off of just 17M clients, whereas Santander Group made $4.9B off of its ~170M global clients.They should have bought out HSBC. HSBC was making 600 million a year in Canada. I find it odd for Santander, considering they are looking to pull out of the UK. ING was doing well and making money here. Problem was they had issues back home which they needed to focus on.
Work from home existed before Covid.