Canada retail insights

The Canadian retail market remains tight despite softer consumer spending.

September 25, 2023
  • Heli Brecailo

Demand for physical retail space continues to outpace supply, while new supply remains limited, resulting in historically low availability. However, momentum is slowing after last year's heightened excitement. Retail sales growth is moderating, with a shift toward more affordable options. Ridership and foot traffic are up this year, as is the number of store openings for apparel and footwear in shopping centres. Additionally, population growth and the amenitization of office buildings should continue to benefit the retail sector.

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Toronto retail insight

Toronto's Retail Market Moves Towards Equilibrium as Foot Traffic and Dining Improve.     
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Calgary retail insight

Despite the slowdown, the Calgary retail leasing market remains strong.   
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Montreal retail insight

Sales and Foot Traffic Rise, However Inflation and Weak Return to Office Continue to Limit Potential Growth. 
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Vancouver retail insight

Canada’s tightest retail market, Vancouver embraces redevelopment opportunities.     
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Ottawa retail insight

Tightening Ottawa retail market grows despite continued interest rate hikes and soft return to office levels.     
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Edmonton retail insight

Population Growth and a Lack of Major Completions Boost Prospects for Edmonton Retail.     
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