• Boom in fitness and food hall concepts prove to be major draw for many centres, boosting overall productivity and increasing foot traffic.
  •  Characterized by continued low growth, total retail sales performance has remained muted with year-over-over-year growth of 2.1% as of May 2019.
  • Consumer confidence remains positive due to reduced borrowing costs, stronger economic growth and renewed momentum in Canada’s housing market.
  • The total national vacancy rate decreased by 20 bps from year-end to 3.4%.
  •  A marked improvement in regional shopping centre vacancy has been aided by the continued absorption of the Target and Sears portfolios.
  •  Annual new supply is anticipated to reach an 13-year low of 3.4 million sq. ft. Mixed-use projects now account for 63.8% of projects under construction nationally, their highest level on record.