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Canadian Retail Sector to Face Challenges and Innovations in 2024 Amid Changing Consumer Behaviours and Rising Insolvencies: CBRE Report

Mario Toneguzzi -
The report forecasts changes in Canadian retail driven by shifting consumer behaviour, prompting innovation among retailers. Despite economic challenges, steady retail spending preferences for in-person shopping suggest a positive outlook in 2024, says Arlin Markowitz.
Main Archive

Overall Retail Leasing and Investment Picture in Canada Remains Stable Despite Headwinds [Feature]

Evan Duggan -
Experts discussed the Canadian retail industry at the recent Vancouver Strategy and Leasing, highlighting a strong market as well as potential challenges ahead as consumers struggle.
Main Archive

Are Grocery Store Leases Increasing the Cost of Food in Canada? Competition Bureau and Experts Weigh In

Mario Toneguzzi -
The Competition Bureau is considering banning exclusive use clauses in commercial leases for grocery stores to increase competition and lower food prices, but experts disagree.
Main Archive

Calgary’s Retail Space Crunch Drives Surge in Rental Rates and Demand [Report]

Mario Toneguzzi -
A variety of complicated factors are at play as Calgary retail space sees demand given market growth, while new supply is limited due to factors such as construction costs.
Main Archive

Canadian Retail Rent Survey Reveals Mixed Results and Optimism Amidst Economic Challenges [Interview]

Mario Toneguzzi -
The report reveals a complex picture of the Canadian retail landscape, with some positive trends despite economic challenges such as inflation and interest rates.
Main Archive

Retail Rents in Canada Rising Despite Economic Headwinds [Report/Interview]

Mario Toneguzzi -
Alex Edmison of CBRE says that a lack of new retail space is contributing to an upward trend in some markets with some asset classes in particular being strong.
Main Archive

Saint Laurent to Open 10,400 Square Foot Flagship Store on Toronto’s Bloor Street Luxury Run [Exclusive]

Craig Patterson -
The luxury brand’s move on Bloor marks a pivotal moment for the rapidly transforming area that includes some of the biggest names in high-end retail.
Main Archive

Downtown Calgary Retail Struggles While Vacancies Decline in Suburbs: Report

Mario Toneguzzi -
A report by CBRE shows resiliency in the local market while noting challenges in some sectors following pandemic lockdowns and work-from-home.
Main Archive

Canada Goose to Relocate Company Headquarters to Sugar Wharf in Downtown Toronto [Feature]

Mario Toneguzzi -
The popular and rapidly expanding outerwear and fashion brand is relocating to a glossy new downtown development in one of the biggest office transactions in the city since the start of the pandemic.
Main Archive

Canadian Retail Market Adapting to New Reality 2 Years In: Interview with CBRE’s Arlin Markowitz

Mario Toneguzzi -
Markowitz predicts a summer of consumer “revenge spending” as part of a conversation based on a new report from the leading brokerage.
Main Archive

Feature: Massive ‘The Well’ Development to Transform Western Section of Downtown Toronto [Interviews]

Sean Tarry -
The mix of retail, office and residential space will provide a centre of community and according to a broker will be "the single most exciting development project in Canadian history".
Main Archive

You’ve Seen His Name on Buildings Throughout Toronto. But Who is Arlin Markowitz?

Sean Tarry -
Toronto’s leading commercial leasing broker talks about the secret to his success and the future of the retail leasing market.
Main Archive

St. John’s NL Retail Rebounding Amid Optimism Following Pandemic Struggles: Interview

Mario Toneguzzi -
The Avalon Mall in particular is seeing new stores openings as the market generally sees increased leasing activity following pandemic shutdowns.
Main Archive

Downtown Victoria BC Retail and Foodservice Finding its Place Amid Drastic Downturn in Tourism: Interviews

Mario Toneguzzi -
The city is taking a hard look at retail and foodservice sustainability without cruise ships and tourists at a time of reinvention for some.
Main Archive

Aesop Expanding Canadian Store Operations with Multiple Storefronts Over 12 Months

Craig Patterson -
The brand could open as many as five Canadian boutiques this year amid an ongoing expansion that includes new markets.
Main Archive

MUJI Opens 2nd Largest Store in Canada at Surrey’s Guildford Town Centre [Photos]

Craig Patterson -
The minimalist Japanese retailer has opened its second two-level flagship in Canada in one of the top malls in the Vancouver metro area.
Main Archive

BRIEF: Asian Grocer Entering Canada, Hermes Readies Vancouver Flagship, Innisfree Opens 1st Store

Craig Patterson -
Other News: Passen opening 1st ‘measurement lounge’, grocer Longo’s opens 1st mini-store, Canada Goose opens at West Edmonton Mall, Peloton finds permanent Mink Mile space.
Main Archive

BRIEF: Uniqlo Flagship Expands, Casper Vancouver Expansion, Kingsett Acquires Atrium Complex

Craig Patterson -
Other News: Hudson’s Bay expands men’s luxury brands at flagship, Square One hosts 1st North American Ramadan Market, Abercrombie & Fitch opens 3rd global ‘new look’ store in Toronto.
Main Archive

BRIEF: Another Aussie Retailer to Enter Canada, Alberta Liquor Retailer Placed into Receivership

Retail Insider -
Other News: Yorkville retail spaces come to market, Danish brand ‘PILGRIM’ opening temporary 1st storefront, IKEA expands Task Rabbit into Calgary and Edmonton, Nordstrom launches Japanese partnership high-end men’s pop-up in its top-performing Vancouver flagship.
Main Archive

Canada Remains a Global Leader in Attracting International Retailers: Study

Craig Patterson -
A new CBRE report identifies Canada as one of the world’s top markets for international brand expansion, leading the Americas.
Main Archive

Retail Vacancy Rates Jump Following Sears Canada Closure

Mario Toneguzzi -
Vacant Sears Canada space in Calgary pushed the city’s retail vacancy rate at the end of 2017 to more than twice the 10-year average.
Main Archive

Retailers Continue to Descend on Vancouver’s Luxury Zone [Feature]

Craig Patterson -
More luxury brands are on the way for 2018 and beyond, as the Alberni Street/Luxury Zone becomes a world-class retail destination.
Main Archive

The Changing Face of Downtown Montreal Retail

Retail Insider -
Downtown Montreal is in transition. The real estate market has become increasingly dynamic as traditional sectors evolve, and the retail sector is no exception to this trend.
Main Archive

Toronto Named ‘Hottest Retail Market in the Americas’

Craig Patterson -
It's a remarkable feat, considering Toronto beat out cities such as Los Angeles, New York City, Mexico City, Buenos Aires, and others.
Main Archive

Canada Faces Increased International Competition for Retail Expansion Dollars: Report

Craig Patterson -

A new report by CBRE finds that although foreign retailers continue to enter the Canadian market, they're doing so less than before. As global markets have largely recovered from the recession, international retailers now have an increased number of expansion opportunities to consider. The report, entitled How Global is the Business of Retail, analyzes 334 leading retailers in 61 countries. The report suggests that the Canadian retail market recorded fewer new entrants last year than the year before...

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