Toronto's mayor has been meeting with the CEOs of some of Canada's largest companies to discuss how to get workers back in the office at least four days a week
Back To Office strategies are all centered around one thing, and one thing only : Commercial Real Estate values and their tie ins to the largest Mutual Funds which have been invested in by the largest corporations (and government) retirement plans. Folks are freaking the fuck out. It’s a very big deal.
Then maybe they shouldn’t have let costs of living get so out of control that people can’t live in Toronto so that the only source of spend is people who have to commute in?
We knew the housing market in Toronto (and Vancouver) was getting stupid in 1997, but doing something about it back then would have meant the rich might have had to make do with a little less. We had additional changes in 2001, 2008 and probably as recently as 2020, but still refused each time because, again, it was making rich people richer.
Back To Office strategies are all centered around one thing, and one thing only : Commercial Real Estate values and their tie ins to the largest Mutual Funds which have been invested in by the largest corporations (and government) retirement plans. Folks are freaking the fuck out. It’s a very big deal.
Then maybe they shouldn’t have let costs of living get so out of control that people can’t live in Toronto so that the only source of spend is people who have to commute in?
We knew the housing market in Toronto (and Vancouver) was getting stupid in 1997, but doing something about it back then would have meant the rich might have had to make do with a little less. We had additional changes in 2001, 2008 and probably as recently as 2020, but still refused each time because, again, it was making rich people richer.
Also voluntary attrition, a.k.a. free layoffs.