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Driving Factors for Retail-Space Growth in the GTA

Population Growth: The outlook for population growth certainly makes the GTA an area of interest for retail. As the top destination for newcomers, its population is expected to exceed 10 million by 2046 – up from only 6.2 million in 2021.

Housing Development: The focus on high-density, mixed-use projects in growth areas and along transit corridors is bringing easy access to retail, services, amenities, and employment. Far higher housing demand than supply – which is currently creating affordability challenges – should continue to fuel further housing and retail construction.

Economic Growth: As the country’s hub for finance, technology, and health care, the GTA should continue to be one of the earliest (or the first) landing places for international retailers and retail innovation.

Transit and Infrastructure Development: Despite proceeding more slowly than desired, the construction of new subway lines and the expansion of GO Transit opens opportunities for increased accessibility and foot traffic, increasing retail demand.

Case-study areas

  • Milton – Trafalgar Corridor

  • Milton – Agerton Area

  • Midtown Oakville

  • Downtown Burlington

  • Brampton – Heritage Heights

  • Pickering – Kingston Road

  • Pickering – Seaton