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Thanks for tuning in. Here are the coles notes for the meeting
- May 2011 saw 936,769 square feet leased compared to 472,278 last year in 2010
- 87% of the space leased was industrial space and 9% were office
- Q1 saw 4% in GDP growth in Canada lead by sectors important to GTA such as manufacturing, transportation, warehousing and wholesale trade
Forecast
- We will see the interest rate hikes in Q2 2011 and moving into 2012
- The value of the Canadian dollar is running almost at par which is impacting the export market
One item that isn’t settling for me is that the dollar is almost at par with US dollar, while we rented close to a million squre feet in industrial space. I’m curious to see if there was one large transaction or multiple small transactions that drove the number to almost double from last year. Something’s missing… What are your thoughts?
