If you had read our previous blog “When Foreign Real Estate Investors See 3 Canadian Cities in the Top 3 in the World, More Will Follow“, you will recall that we mentioned that some foreign investors may not want to open a traditional office while exploring the market, but still want to have a visible presence in Canada. This is why they choose a serviced office or a virtual office in an upscale business centre.
A serviced office means a foreign investor can have a physical office for his or her local representative without the need for capital investment into such things office furniture, telephone systems or business equipment – like photocopiers and fax machines. These investors also do not need to hire a receptionist to answer calls or support staff to help with secretarial services or office management. At a business centre, office management is taken care of and they can pay for secretarial services as they need them. When they are not in their office, they can have their mail forwarded to them no matter where they are.
For a foreign investor who is looking for a presence in downtown Toronto (but does not want a physical office), he or she may look for a virtual office solution. They will not only have a business address, but they can have a local or a toll-free telephone number. They can also choose to get a VoIP extension with their virtual office – so that they can use it anywhere in the world and still appear to be in Toronto.
The other great part about being a tenant at a office business centre is the free access to boardrooms and meeting rooms. Foreign companies who have an office in a business centre can book a free boardroom for meeting with clients whenever they are in town. Even virtual office clients can arrange a meeting room at the location that is listed as their business address in Canada. But they only need to pay a small fee for this service when they do need it.
With more investment coming into Toronto because of its resilience in terms of real estate (residential and commercial) and its growing economy, foreign businesses will also begin to look at opening up in this new market. Having office options (other than traditional raw office space) can be an attractive proposition to those businesses who want a Canadian presences or head office, without the risk and expense of a long-term lease or capital investments.
1. Jennifer Smith
General Manager
The Omni King Edward Hotel
37 King Street East
Toronto, ON
M5C 1E9
Tel: 416-863-9700
Website: www.omnihotels.com/hotels/toronto-king-edward
2. Mark Perry
General Manager
Executive Hotels and Resorts (Boutique)
8 Colborne Street
Toronto, ON
M5E 1E1
Tel: 416-350-2419
Website: www.spazen.ca or www.cosmotoronto.com
3. Emeline Boul
General Manager
Hotel Victoria (Boutique)
56 Yonge Street
Toronto, ON
M5E 1G5
Tel: 416-363-1666
Mobile: 647-574-5832
Website: www.hotelvictoriatoronto.com
4. Omkar Sawant
Reservations Manager
One King West Hotel
1 King Street West
Toronto, ON
M5H 1A1
Main: 416-548-8100
Reservations: 1-866-470-5464
Website: www.onekingwest.com
5. Van Nguyen
General Manager
Cambridge Suites Toronto
15 Richmond Street East
Toronto, ON
M5C 1N2
Direct: 416-601-3757
Hotel: 416-368-1990
Website: www.cambridgesuitestoronto.com
1. Michael Pagliaro
Carisma (Italian)
15 Toronto Street
Toronto, ON
M5C 2E3
Tel: 416-864-7373
Website: www.carismarestaurant.com
2. Patti Shaw
Terroni (Italian)
57 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-203-3093
Website: www.terroni.com
3. Declan
Restaurant 20 Victoria – Michelin guide approved
20 Victoria Street
Toronto, ON
M5C 2A1
Tel: 416-804-6066
Instagram for reservations: https://www.instagram.com/twentyvictoria/
4. Mana
Nami (Japanese)
55 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-362-7373
Website: www.namirestaurant.ca
5. Restaurant Lucie
100 Yonge Street
Toronto, ON
M5C 2W1
Tel: 416-788-9054
Website: www.restaurantlucie.com
6. Niam H
Cantina Mercatto
20 Wellington Street East
Toronto, ON
M5E 1C5
Tel: 416-304-0781
Website: www.cantinamercatto.ca
7. Siva Sathasivam
Uncle Tony’s
38 Wellington St E
Toronto, ON
M5E 1C7
Tel: 416-455-6650
Website: https://uncletonys.ca/
8. Pizzaiolo
104 Yonge Street
Toronto, ON
M5C 2Y6
Tel: 416-860-0700
Website: www.pizzaiolo.ca
9. Robin Singh
Woods Restaurant and Bar
45 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-214-9918
Website: www.woodsrestaurant.ca
1. Thom Tullo
Morpheus8 by Inmode
47 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-863-6564
Website: www.amanspa.ca
2. Altitude Athletic Training
56 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-366-3838
Website: www.altitudeathletictraining.com
3. Physioheath Studios
33 Victoria Street, #130
Toronto, ON
M5C 2A1
Tel: 416-368-2525
Website: www.physiohealth.com
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18 King Street East, Suite 1400
Toronto, Ontario M5C 1C4 Canada
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