Two of Vancouver’s shopping centres made the top three list of Canada’s busiest malls, according to a survey.
The Retail Council of Canada and Microsoft collected data based on productivity, size and pedestrian counts.
Measuring sales by square foot, Yorkdale Shopping Centre in Toronto is number one at $1,650.85.
Researcher with the RCC Craig Patterson says yet another mall out of Ontario ranks busiest in terms of pedestrian count, speaking on CKNW Weekend with host Stirling Faux.
“The CF Toronto Eaton Centre, we found it to be so busy, it is as busy as Time Square in New York City, it’s got more people coming in every year than Disneyland and Disney World combined.”
LISTEN: Retail Council of Canada’s Craig Patterson talks Canada vs U.S. mall sales
Oakridge is comes in second at $1,537 and CF Pacific Centre is number three at $1,523.
Metrotown in Burnaby made number eight overall, but third busiest in terms of pedestrian count.
Comparing to American malls, Canada’s shopping centres are, on average, more productive says Patterson.
“Number one, we just have less mall space per person. By default, you know, given that people are shopping in Canada, we’re going to see higher sales per square foot. But also, there are other factors, I mean the weather is one of them, perhaps not so much in British Columbia, but most parts of Canada can get very chilly and [it] would be considered more desirable to go indoors to shop.”
According to the survey, while a few U.S. malls did beat Canada’s top performing shopping centres, the Canadian malls are just as busy as shopping centres in the U.S.
Other findings over the 12-month span, ending August 31, 2016, are that malls are in the entertainment industry, shopping centres are enhancing options for food and beverage, and online retailers are opening more brick and mortar stores.