Calgary’s two largest shopping centres delivered double-digit sales growth over the 2025 holiday season, buoyed by strong Black Friday momentum and sustained consumer demand through year-end, says a senior Cadillac Fairview executive.
Darryl Schmidt, vice-president of national leasing with Cadillac Fairview, said both CF Chinook Centre and CF Market Mall recorded robust performance, with roughly 90 per cent of core brands posting solid gains. He said the strength was evident not only in Alberta but also nationally and globally for many retailers.
According to Schmidt, the season began with a strong Black Friday and continued with healthy traffic and sales volumes straight through to New Year’s, setting a positive tone for 2026.
He described the broader industry mood as upbeat following a major shopping centre conference in Whistler, where retailers signalled expansion plans. Schmidt said many brands are actively considering where to grow, how many locations to add and the optimal store size, reflecting confidence built on last year’s sales momentum.
He attributed some of the demand to limited retail space in Canada, noting Cadillac Fairview’s portfolio is currently about 93 to 94 per cent occupied. He expects continued leasing demand could push occupancy even higher by the end of next year.
Addressing concerns about consumer debt and financial strain, Schmidt pointed to a split in spending patterns. He said strong stock market performance over the past 12 to 18 months has boosted wealth among higher-income shoppers, supporting productivity in premium brands. At the same time, he said value-oriented retailers are benefiting as more budget-conscious consumers seek deals, driving growth for discount and popular price-point chains.
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Chinook is truly the YORKDALE of Calgary.