Quote:
Originally Posted by caltrane74
But it makes sense though, right guy?
RBC building it's second tower in less than 5 years, you just gotta figure BMO, CIBC and Scotiabank will be next in line, they haven't built towers in downtown Toronto in over 25 years.
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BMO is reconfiguring their current space. That doesn't mean they won't pursue new space on top of the shiny new call centre in Meadowvale however, if they really needed space, they would also keep the old floors in FCP instead of abandoning them for the new ones. They have a number of lower class downtown space that, if renovated, could be reconfigured to hold an additional 1000 people without adding a single floor. They may choose to consolidate the space in a new building too.
CIBC was hit the hardest by the derivatives scam and also has brought on a fair amount of space (Bell Trinity for one) on top of reconfiguring the old spaces. What RBC does doesn't at all mean others will follow suit.