Widespread return-to-work mandates are sparking “renewed demand” for office space in major Canadian cities, a new report indicates.

January sales slumped 80% below the 10-year average as Toronto's housing market slowdown continued

The Canadian Real Estate Association reports that January home sales dropped 16.2% year over year and 5.8% from December (seasonally adjusted), largely due to a major winter storm affecting southern Ontario. Meanwhile, new listings rose 7.3% month over month. By the end of January, 140,680 properties were listed on Canadian MLS systems—up 4.5% from a year earlier but still 11.4% below the long-term average for that time of year.