The Globe and Mail reports in its Tuesday, April 21, edition that Canada's commercial real estate sector is showing signs of improvement, with national vacancy rates for both office and industrial properties declining for the first time since 2020, according to a Colliers International report. A Canadian Press dispatch to The Globe reports that the national office vacancy rate fell to 13.6 per cent in 2026, a decrease of one percentage point year-over-year. The industrial market also saw its first decline since 2022, dropping to 3.5 per cent. The report said these trends suggest the commercial real estate market as a whole is moving toward a more balanced environment. Colliers Canada researcher Adam Jacobs says: "It was quite unprecedented how long, especially office vacancy, went up. It was a good five or six years of rising rates, but the return-to-office momentum we've seen, especially in Toronto, has been very rapid in the last six months and it's really turned the market around quite quickly." Mr. Jacobs says leasing demand is still concentrated primarily in the "best of the best" buildings, and it could take some time for that momentum to trickle down to other less coveted properties.