Define ombudsman. ombudsman synonyms, ombudsman pronunciation, ombudsman translation, English dictionary definition of ombudsman. n. 1. A man who investigates complaints and mediates fair settlements, especially between aggrieved parties such as consumers or students and an institution...
It features the headquarters of major Canadian banks and is home to many investment banks, accounting and law firms. Brookfield Place, at 161 Bay St., continues to command the highest office rents of any building in Canada at $76.54 per square foot. The average market rent in Toronto is $34.82 per square foot.
The bank also sounds a modest alarm about the market for investors who rent out their units. Recent estimates are that 26 per cent of the condos in Toronto aren't owner-occupied, but rather are rented out â at an average cost of $1,700 a month, the report said. Investors face more of a risk to flip and sell their units upon completion, and are less likely to ride out a cold market if prices decline.