Yorkdale has a near 60-year history as Canada’s leading super-regional shopping centre. In 2023 Yorkdale achieved C$2.1 billion in sales, representing an eight percent increase over the previous year and a new performance milestone in its legacy. Yorkdale’s 2023 top sales performance of $2,402 per square foot is almost two-thirds higher, or nearly C$1,000 more per square foot than its closest Canadian shopping centre competitor, according to the International Council of Shopping Centers (ICSC) report. Yorkdale’s sustained success is a story of continual reinvestment, innovation, insight and expansion—with the customer at the centre of every decision.
Our investment, asset management, leasing, marketing and property management teams all play key roles in making Yorkdale a much-loved retail experience—not to mention one that consistently delivers above-market financial returns. Since acquiring the property in 1998, we have invested over $500 million improving and expanding the property. We’ve introduced leading-edge smart technologies and advanced analytics, sophisticated air filtration and cleaning systems and protocols, sustainability features like a green roof, solar panels and centre-wide natural day-lighting and facilities and programs to accommodate customers with special needs and nursing mothers and young families. These features have helped to not only create sustainable social value but also to achieve LEED Gold certification under the Existing Buildings 4.1 rating system as the first enclosed retail shopping centre over 1 million square feet. At the same time, we’ve almost doubled the footprint, tripled both the sales volume and net operating income, quadrupled the asset value and generated industry-leading dwell times and customer loyalty.
Yorkdale is also the first shopping centre globally to receive a WELL Performance Rating seal from the WELL Building Standard™, a certification awarded to buildings with a demonstrated commitment to high building-performance and enhanced community experiences.
Our commitment to excellence at Yorkdale is paying off. Our customers vote with their time and their wallets, and our industry-leading performance on both metrics tell us we’re getting it right.