Newspaper article The Canadian Press

Yorkdale Topped List of Canada's Most Profitable Shopping Malls Last Year: Report

Newspaper article The Canadian Press

Yorkdale Topped List of Canada's Most Profitable Shopping Malls Last Year: Report

Article excerpt

Yorkdale most profitable mall in 2015: report

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TORONTO - Commercial real estate firm Avison Young says Toronto's Yorkdale Shopping Centre was the country's most profitable retail mall last year.

In a new report, Avison Young says Yorkdale mall generated $1,610 in sales per square foot in 2015.

That bumped Vancouver's CF Pacific Centre, which topped the list the previous year, into second place in 2015. CF Pacific Centre generated $1,599 in sales per square foot last year.

Vancouver's Oakridge Centre came in third place, raking in $1,537 per square foot.

Toronto's Eaton Centre, Ottawa's CF Rideau Centre, Edmonton's Southgate Centre and Mississauga's Square One were also among the Top 10 most profitable shopping malls.

Bill Argeropoulos, principal and practice leader of Canadian research at Avison Young, says more than $4. …

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