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Canada retail sector nearing turning point as rising unemployment, consumer caution signal slowdown: CoStar

Mario Toneguzzi -
Many households already face high housing costs and limited income growth, which increases the likelihood of more selective spending.

Why Canadians are ‘doom spending’: How housing unaffordability is driving Gen Z and Millennials toward luxury purchases

Mario Toneguzzi -
Fewer people have been buying homes over the past few years, and consumer surveys increasingly show that Gen Z, the age cohort born between approximately 1997 and 2012, and the large Millennial demographic are increasingly giving up their aspirations for homeownership, and instead turning to luxury goods.

Retailers and Landlords in Canada Rethinking Space Amid COVID-19 Shift: CoStar

Mario Toneguzzi -
Research is showing significant growth in e-commerce which has retailers and landlords rethinking space for new uses.
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