I am sorry guys, but Canada does not know and hopefully will not know the term "dead mall". I just drove by a dead mall in the USA the other day, and Canada just does not have the that kind of retail decay.
I can only speak for Toronto, but all the malls are doing well. Are some places more regional and popular? For sure. But that does not mean the other places are left to rot.
But our malls even the less popular ones are not doing badly at all.
We just have to make sure we do not over build retail like the USA did.
The only troubling trend in Canada is that some suburban malls are starting to become destinations for retail, that would have normally only located downtown even a decade ago.
You see this particularly in Calgary where many big names choose to have their only Calgary location at Chinook instead of downtown.
Or in Toronto where Yorkdale has been getting a number of the new to the region stores in the last few years. This normally would not have been the case, and it is a little troubling.
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Miketoronto
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