Northern Light
Superstar
One of the ways of smoothing work from home could be suburban campuses, so people don't have to commute as far.
RBC has those towers in Meadowvale, and I've heard they already have people doing RTO but to work there instead of downtown, which works well for enough where it's a 20 minute drive to the office instead of a 20 minute drive to the GO Train to make a 30 minute trip downtown with a ten minute walk added on to that. That's managed things so far, but I don't know what Scotia can do, I'm not as familiar with their alternate suburban space, but I bet they will try to get people out from the core.for now.
To your point, CIBC has been aggressively consolidating into downtown for years.
Scotia intends to maintain 2 large suburban sites with the rest being folded into either the remaining ones or downtown.
Can't speak to RBC's plans in this regard..
But in general, I don't see the banks adding any suburban office space for the reasons outlined by @evandyk above. While existing suburban spaces might see more use, the general desire it to keep 'teams' physically together, if not co-mingling with other teams. Fragmenting teams across multiple campuses would seem to be at cross-purposes with much of the RTO ethos.
Beyond cooperating/learning/networking..........there is a senior management desire for direct oversight ie. your team leader/manager can see what you're up to (or not). Which is much more challenging when staff are working from home.
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