Research

Canada retail insights

Retail real estate tightens despite new completions

March 19, 2025
Contributors:
  • Heli Brecailo

Retail real estate fundamentals remain robust in key markets. Total available space continues to decline, and asking rent growth is showing signs of stabilization. Despite an increase in new completions in 2024, supply remains a challenge due to limited construction activity and construction starts at historically low levels.

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Toronto retail insight

Demand for retail space strengthens in Toronto.     
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Calgary retail insight

Sustained demand and decreasing availability drive Calgary's retail-leasing market.   
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Montreal retail insight

Montréal’s retail availability declines. 
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Vancouver retail insight

Retail market tightest in Vancouver.     
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Ottawa retail insight

Ottawa’s retail leasing market has softened.     
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Edmonton retail insight

Increased demand for retail space in Edmonton.     
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