A look at the state of retail and office real estate in Canada

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Owners of commercial properties have been hit hard since the onset of the COVID-19 pandemic. It’s no laughing matter when the businesses a commercial owner leases her space to bite the dust, but the amount of debt hanging over many commercial properties is enormous, and every once-leased space that goes dark brings that debt one step closer to crashing down on the mortgagee it is tied to.