Primaris

Grocery prices moderate, T&T Supermarket's Tina and Cindy Lee receive Ontario Family Business Award of Excellence, Maxi opens 3rd New Brunswick store, Kith prepares to open at Oakridge Park in Vancouver, and other news.

Canadian retail property conditions remained selective during Q3 2026, with near-full necessity-oriented portfolios contrasting with major former department-store vacancies. The report examines leasing spreads, committed occupancy and redevelopment requirements, focusing on the capital and execution needed to produce open, rent-paying space.

Stefano Ricci luxury boutique in Vancouver shuttering, Metro reaches deal with striking workers, Harry Rosen opens Toronto flagship September 22, GTA furniture retailer appears to go bankrupt, and other news.

Primaris REIT is investing $19 million to redevelop the former Hudson’s Bay at Galeries de la Capitale, with Imaginaire and ZIBO! among new tenants.

At June 30, 2026, approximately 600,000 square feet of former HBC space was leased to high-quality tenants under long-term lease agreements with occupancy dates ranging from early 2027 to mid-2029.

The former Hudson's Bay store at Windsor's Devonshire Mall, which opened as a standalone Simpsons department store in 1974 and featured The Room fashion concept, will be demolished following its acquisition by Primaris REIT.

JD Sports accused of gutting downtown Montreal heritage building for store, PST cut on snacks in Manitoba retailers, hybrid sewing studio/bar opening in The Annex, Canadian Tire launches pop-up vending machine for Montreal's Moving Day, and other news.

Primaris has transformed into one of Canada’s most influential mall owners through acquisitions of dominant regional shopping centres.

“The quarter reflected strong leasing and operational execution across the portfolio.”

Tenant demand across the Primaris portfolio is very strong including HBC space.

Primaris REIT has acquired CF Lime Ridge Mall in Hamilton for $416 million from Cadillac Fairview. The deal boosts the REIT's national footprint and unlocks leasing opportunities.

Primaris REIT gains control of five disclaimed Hudson’s Bay stores, unlocking redevelopment potential and transforming over 500,000 sq. ft. of retail space.

Primaris REIT expands its portfolio with $585M acquisitions of Southgate Centre in Edmonton and Oshawa Centre in Ontario, boosting growth potential.

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 13.4 million square feet valued at approximately $4.1 billion at Primaris’ share