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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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

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