• Ecommerce is set to grow to 16.6% of total retail sales by 2023.

• Retail turnover persists with 53 international retailers debuting and 7 brands going under in Canada in 2018.

• Consumer spending in 2019 is forecast to grow at the lowest level in ten years due in part to a slowing Canadian economy.

• Weak core retail sales growth was reported in 2018 and amounted to only 2.4% growth year-over-year.

• 2.9 million sq. ft. of new supply hit the market in H2 2018 and was led by Montreal, Toronto and Calgary with each market completing a large-scale expansion or project phase.

• Retail construction levels have trended downward over the last five years with the majority of product shifting to mixed-use developments.

• The overall national vacancy rate decreased 120 bps from mid-year to 3.6%. Recovery has not been uniform across markets however, with only three cities reporting modest decreases.