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  • Limited construction of new retail space in Canada is giving landlord RioCan an edge

Limited construction of new retail space in Canada is giving landlord RioCan an edge

Insolvency Insider
Insolvency Insider

Jul 10, 2026

Limited construction of new retail space in Canada is giving landlord RioCan an edge

RioCan president and chief executive officer Jonathan Gitlin describes how limited new retail construction, scarce high-quality space and strong tenant demand are allowing RioCan to push rents higher, reposition former Hudson’s Bay locations and reinvest in Canadian retail real estate despite broader pressure on consumers and development financing.

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