B
enzinga and Yahoo Finance earn commissions from links below. Ottawa’s plan to shrink office footprint clashes with return‑to‑office mandate. The government targeted a 50 % reduction of office space by 2034, projected to save C$3.9 billion. New rules—requiring staff to be in office at least three days a week (four for executives)—and a 16,000‑person workforce increase have pushed the target back to about one‑third of the space. PSPC says expanded space needs and growth to over 306,000 employees drive this change. The downsizing was meant to cut costs, but projected ten‑year savings now fall to about C$2.45 billion. Auditor General Karen Hogan warned that keeping surplus buildings raises maintenance costs urged repurposing. PSPC pursues shared‑space arrangements and disposal of excess properties, though some departments resist shrinking footprints. Ontario plans 60,000 provincial staff by 2026; Ottawa will require municipal employees to work five days a week next year. Arrived Home’s Private Credit Fund offers an 8.1 % yield on residential‑real‑estate‑backed loans.