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Stable, and in some cases, growing, market conditions are taking hold in the ‘oil consuming’ provinces of Ontario, Quebec and British Columbia while negative growth is prevailing in the ‘oil producing’ provinces of Alberta and Saskatchewan (and Newfoundland and Labrador). Overall, the negative market conditions are outweighing the positives and for a second consecutive quarter total net absorption ended in the red with negative 771,485 square feet.
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