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For the fifth consecutive year, Canada's financial capital is home to the most expensive rents for offices. The average cost of renting on Toronto's Bay Street is $68.19 per square foot, a slight decrease from last year, but still enough to top the ranking from real estate firm JLL Canada. (Each city's most expensive street is used in the ranking.) Calgary's 8th Avenue SW slipped three spots down the list as Albertan energy firms struggle with ongoing weakness in oil prices.

Most expensive streets for office space by city

RankCityStreetAverage gross rent on street*
1TorontoBay Street$68.19
2VancouverBurrard Street$57.72
3OttawaQueen Street$49.34
4MontrealRené-Lévesque W.$48.28
5Calgary8th Avenue SW$45.60
6Edmonton101 Street$40.46
7HalifaxUpper Water Street$36.76
8WinnipegPortage Avenue$36.37
9Quebec CityLaurier Boulevard$28.76

Source: JLL Canada

*Per square foot

Editor's note: The ranking includes each city's priciest street for renting office space, rather than all streets. This story has been updated to include a clarification.

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