Canadian Retail Market Performance in 2024
Written by Radu Arvatescu
Canada’s economy experienced a surprising annualized growth rate of 2.6% in the fourth quarter of 2024, surpassing expectations. This growth was driven by increases in consumer spending, business investments, and exports.
Retail sales were relatively unchanged in November 2024, with sales down in six out of nine subsectors. However, higher sales at motor vehicle and parts dealers (+2.0%) and gasoline stations and fuel vendors (+0.7%) largely offset declines in other subsectors.
The retail sector’s resilience is further underscored by a significant decline in vacancy rates, reaching a record low of 1.5% in the second quarter of 2024. While rent growth has moderated, it remains healthy at 3.4% year-over-year.
Strategic Considerations for Shopping Center Investment
Given the positive trajectory of the retail market, investing in shopping centers through plaza mortgages in Ontario appears promising. Prospective investors should consider the following strategic factors:
Risk Assessment: Despite favorable trends, it’s essential to acknowledge potential risks, including economic fluctuations, supply chain challenges, and evolving consumer behaviors. A thorough risk assessment will aid in making informed investment decisions.
Market Research: Conduct comprehensive research to understand local demographics, competition, and consumer preferences. Engaging with current plaza operators can provide valuable insights into market dynamics and tenant relations.
Property Evaluation: Focus on properties with high occupancy rates (preferably above 80%) and tenants on long-term leases. Ensure that the tenant mix aligns with local consumer demographics to drive consistent foot traffic and sales.
Financial planning: analyze current market valuations to identify properties priced in line with median values. A well-structured financial plan will facilitate securing favorable terms for plaza mortgages in Ontario.
Advantages of Partnering with a Mortgage Broker
Navigating the complexities of securing a plaza mortgage can be streamlined by collaborating with an experienced mortgage broker. The benefits include:
Access to Diverse Lenders: Brokers maintain relationships with various lenders, increasing the likelihood of securing competitive rates and terms.
Efficient Application Process: Brokers assist in compiling necessary documentation, reducing the administrative burden, and expediting approval timelines.
Tailored Financial Solutions: A broker can provide personalized advice, aligning mortgage options with your investment strategy and financial goals.
Investing in shopping centers through plaza mortgages in Ontario offers a viable pathway to capitalize on the robust Canadian retail market. By conducting diligent research and partnering with a knowledgeable mortgage broker, you can position your investment for sustained success.
To discuss your investment needs and explore how Mortgage Capital Investment can assist you, please contact us:
- Phone: +1 289-800-4840
- Email: info@mcinvest.ca
Note: The information provided reflects market conditions as of early 2025 and is subject to change.
Lowest Residential Mortgage Rates in Canada*
| Term | OUR RATE | |
| 3 Year Fixed/ 25 yrs Insurable | 4.22%Promo | |
| 5 Year Fixed/ 25 yrs insurable | 4.39% Promo | |
| 5 Year Variable/ 25 yrs insurable | 3.70% Promo | |
| 5 Year Fixed/ 30 yrs un-insurable | from 4.29% Promo | |
| 5 Year Variable/30 yrs un-insurable | from 3.70% Promo | |
| 3 Year Fixed/30 yrs un-insurable | from 4.09% Promo | |
| **NEW RENTAL 5 Year Fixed /30yrs un-insurable | from 4.39% Promo |
Updated: July 27,2026
* Promotional rates are subject to change or withdrawal at any time without notice, at the sole discretion of the lender. An additional discount of up to 0.05% may be available through current promotional offers, subject to specific terms and conditions. Rates may vary by region and may not reflect those available in your area. For the most accurate and up-to-date information—including eligibility for promotional offers—please contact our MCI office directly.
LOWEST REGULAR RATES IN CANADA* * Current promotion rates may provide an additional 0.10% discount. Rates may vary between geographic regions and the posted rates on this website may not be available in your area. Please contact our MCI office for more details and current promotions.
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