JLL forecasts that 65% of former Hudson’s Bay retail space in Canada will be committed within two years, largely through multi-tenant retail strategies.
When it comes to where they're headed for holiday shopping and experiences, Canadians are turning to shopping centres, with 90% saying they'll visit at least once this season.
Canadian retailers see strong discretionary spending in early 2025, driven by "Buy Canadian" trends, tight retail space, and rising demand for experiences, says JLL.
Stock T.C. is expanding into Toronto’s Yorkville, taking over the former Pusateri’s space at Bay and Yorkville. The move brings gourmet food retail back to a prime luxury location.
JLL Canada surpasses $1 million raised for Breakfast Club of Canada as it launches its 2025 fundraising campaign, continuing to support children nationwide.
The Condo Retail Sales Report: Trends and Insights 2019-2024 by JLL examined the condo retail real estate market trends in Toronto, analyzing transaction data to provide insights into market performance and dynamics.
Grocery-anchored retail remains one of the most stable and sought-after asset classes in real estate, with post-pandemic recovery driving increased foot traffic to these centres.
According to JLL’s recent Canadian Commercial Real Estate 2025 Outlook, the retail sector is showing resilience as limited new supply is supporting solid rental growth, with mall sales reaching record levels even when adjusted for inflation.
Toronto’s retail market faces high demand and limited space, with rising rents and strong competition for prime locations, especially in luxury and F&B sectors.
Limited space availability and rising rents are driving retailers to secure leases quickly as rates stabilize and consumers continue to frequent stores.