Retail real estate continues to be surprisingly robust, given the growth of online sales in recent years, according to the RE/MAX 2023 Commercial Real Estate Report. RE/MAX examined 12 commercial real estate markets from coast to coast, and found almost 92 per cent of markets (11/12) reported solid activity in retail nodes and shopping centres.

From storefront on major arteries to strip plazas and shopping malls, the bricks and mortar experience is resonating with today’s consumers. Investment dollars have been pouring into major shopping malls across the country as landlords seek to enhance the shopping experience.

Retail nodes are vibrant. Present examples include Bloor West Village and Queen Street West in Toronto, 4th Avenue, Alberni and Gastown in Vancouver. Yet, the future is in mixed-use development, as older buildings are demolished to make way on major arteries.

Malls are re-inventing themselves with a strong residential component to complement their retail operations. Lot of investment is being poured into these malls to improve choice, including more high-end restaurants, specialty shops, gyms, high-end/specialty grocery stores, etc. New construction primarily consists of purpose-built rentals and condominiums, with the odd office building

Landlords are also cashing in on the “Live-Work-Shop” phenomenon, with the number of residential applications on commercially zoned property growing across the country.

More to Explore

Couple with mortgage adviser discussing if porting a mortgage is worth it

Is Porting a Mortgage Worth It?

October 2, 2025

Calgary real estate

5 Things That Will Affect Calgary Real Estate in the Next 10 Years

September 30, 2025

Best places to live Toronto

Liveability is a Top Selling Feature When Listing Your Home

September 26, 2025

Family moving in and talking about How Much to Budget for Moving Costs

How Much to Budget for Moving Costs

September 25, 2025

Exploring your neighbourhood

Fall Homebuying and Exploring Your Neighbourhood with Man’s Best Friend

September 23, 2025

A couple talking about How Long Does Mortgage Approval Take After Pre-Approval

How Long Does Mortgage Approval Take After Pre-Approval?

September 22, 2025

Selling your Home this Fall

6 Tips for Selling your Home this Fall

September 22, 2025

Design Trends for Fall 2025

Design Trends for Fall 2025

September 19, 2025

Two women in the garden talking about What Is Homesteading in Canada All About

What Is Homesteading in Canada All About?

September 18, 2025

Find the
Right Agent

Sign up
For Our Newsletter

This field is for validation purposes and should be left unchanged.
This field is hidden when viewing the form

Next Steps: Sync an Email Add-On

To get the most out of your form, we suggest that you sync this form with an email add-on. To learn more about your email add-on options, visit the following page (https://www.gravityforms.com/the-8-best-email-plugins-for-wordpress-in-2020/). Important: Delete this tip before you publish the form.
Untitled(Required)

*RE/MAX, LLC, 5075 S. Syracuse St., Denver CO, 80237; RE/MAX Western Canada and RE/MAX Ontario-Atlantic, 639 Queen Street West, Toronto, ON M5V 2B7, 905-542-2400