Toronto's Bloor Street remained Canada's priciest real estate strip, but streets in several markets including Vancouver and Calgary saw substantial increases in retail real estate rents amid a global rebound in luxury shopping, according to Colliers International. "Increasing rental rates can be a sign of growing confidence on the part of retailers and their ability to sell goods; and even in some cases where rates have dropped, we could attribute this shift to backfilling of vacant units or larger space deals that have completed at lower rates per square foot — both of which can be a good thing," said James Smerdon, vice president of retail consulting.
Report: Retail rents on the rise across Canada
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