The Financial Post reports in its Tuesday edition that many retail spaces in Toronto are vacant following a slowdown in the condominium market. The Post's Gary Marr writes that landlords are either restructuring deals to bring businesses back or converting spaces for other uses, like parking lots, as they await a recovery in the condo market. The vacancies come as a City of Toronto report showed the number of retail businesses declined by 10.5 per cent across from 2011 to 2025, with some areas posting a decline of three times as much. Behar Group's Greg Evans says some of the projects now in limbo had dynamic commercial uses and would have created new ground-level leases, but won't be built any time soon. Instead, the priority is getting tenants back, with some landlords agreeing to longer leases. Urbanation has said that projects totalling 11,424 condo units have been cancelled since the beginning of 2024, while only a third have gone ahead, leaving most of the rest sidelined indefinitely. Colliers International's Adam Jacobs says streetscapes are vacant because "in theory, some 62-storey project" will happen -- eventually. He says the overall impact on retail vacancy for a city as large as Toronto is not significant.