Avison Young Toronto skyline Bill Argeropoulos Great Recession British Columbia Vancouver Ontario $994 per square foot. Statistics Canada
  • Toronto's Yorkdale Shopping Centre was Canada's most productive mall with retail sales of $1,610 psf in 2015, displacing Vancouver's Pacific Centre, which topped the list one year earlier;
  • The top 10 malls accounted for 10% of the total retail mall rentable area and 12% of the total number of stores in 2015;
  • Year-over-year retail sales growth among the top 10 malls ranged between 3% and 20%;
  • Pension funds and their real estate arms (e.g. Cadillac Fairview, Oxford Properties, AIMCo, and Ivanhoé Cambridge) own and manage the country's top-performing malls, in some cases as joint ventures;
  • Five of the 10 top-performing malls in Canada are in Ontario, and four of the five Ontario centres are located in the Greater Toronto Area;
  • The retail property sector achieved the highest total annual return (8.8%) of the major asset types tracked by the REALpac/IPD Canada Property Index in 2015 – outpacing the overall index return of 8%.
Avison Young Toronto skyline Bill Argeropoulos Great Recession British Columbia Vancouver Ontario $994 per square foot. Statistics Canada
  • Toronto's Yorkdale Shopping Centre was Canada's most productive mall with retail sales of $1,610 psf in 2015, displacing Vancouver's Pacific Centre, which topped the list one year earlier;
  • The top 10 malls accounted for 10% of the total retail mall rentable area and 12% of the total number of stores in 2015;
  • Year-over-year retail sales growth among the top 10 malls ranged between 3% and 20%;
  • Pension funds and their real estate arms (e.g. Cadillac Fairview, Oxford Properties, AIMCo, and Ivanhoé Cambridge) own and manage the country's top-performing malls, in some cases as joint ventures;
  • Five of the 10 top-performing malls in Canada are in Ontario, and four of the five Ontario centres are located in the Greater Toronto Area;
  • The retail property sector achieved the highest total annual return (8.8%) of the major asset types tracked by the REALpac/IPD Canada Property Index in 2015 – outpacing the overall index return of 8%.
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