The party may be coming to an end for retail

Retail real estate values are shaped by both economic conditions and demographic trends. It’s not just about having money circulating in the economy; ideally, you want lots of different people spending it. In Canada, population growth has been a powerful tailwind for retail demand. The pace at which new consumers have entered the market has consistently outstripped the rate of new retail space delivery, supporting rents and asset values across the sector.