The most recent peak for office building starts in Canada occurred two years ago, in 2007. At that time, 16.0 million square feet of work was initiated across the country. This is a category of construction that can be highly cyclical. The figure this year is expected to be only 4.4 million square feet. While this is quite a drop in activity levels, the recovery phase in this market is likely to be shorter than during previous times in history. The focus is on Calgary and Toronto.