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Toronto, ON Insightsas of Oct 2026
Population size
6.5 M People
Population growth
1.5%
Age distribution
0-14: 15%
15-24: 18%
25-44: 35%
45-64: 20%
65+: 12% percent
15-24: 18%
25-44: 35%
45-64: 20%
65+: 12% percent
Household size
2.6 People
Household composition
65% family households
35% non-family percent
35% non-family percent
Education level
35% university degree
25% college diploma
40% high school or less percent
25% college diploma
40% high school or less percent
Median household income
85,000 CAD/year
Employment rate
60 %
Job growth
1.8 %
Dominant industries
Finance, technology, professional services, manufacturing
Cost of living index
120 index
Retail sales per capita
12,000 CAD/year
Disposable income
45,000 CAD/year
Spending behavior by category - apparel, dining, electronics
Apparel: 15%, Dining: 25%, Electronics: 10% of total spending percent
Existing retail mix
Grocery 30%, apparel 20%, electronics 15%, dining 20%, other 15% percent
Number of competitors
5,000 retailers
Market saturation
85 percent
Presence of anchor tenants
High, with major chains like Walmart, Hudson's Bay
Foot traffic from nearby businesses
Moderate to high in downtown, lower in suburbs
Rent costs
500 CAD/sqm/month
Property values
10,000 CAD/sqm
Zoning laws
Mixed-use zoning encouraged in urban cores
Business permits
Streamlined process via Toronto Building
Availability of retail space
Limited in core, ample in suburbs
Proximity to major roads
High in suburban retail areas
Public transportation access
Excellent in downtown, good overall
Parking availability
2-3 spaces per 100 sqm in malls spaces/sqm
Pedestrian traffic
High in Yonge Street, Eaton Centre
Vehicle traffic
100,000 vehicles/day
Public transport accessibility
High, 80% coverage percent
Commute times
32 minutes
Work patterns
40% office, 30% remote, 30% hybrid percent
Shopping preferences
Convenience, sustainability, local brands
Brand affinity
Strong for Canadian and international luxury
Consumer loyalty
High via rewards programs like PC Optimum
Entertainment and leisure trends
Outdoor activities, festivals, digital entertainment
Crime statistics
3,500 incidents/100,000 people
Shoplifting rates
200 incidents/100,000 people
Public safety measures
CCTV, community policing in retail areas
Tourist spending
2,500 CAD/person/year
Tourist footfall
28,000,000 visitors/year
Major local events
TIFF, Pride Parade, Caribana
Seasonal attractions
Summer festivals, winter markets
E-commerce penetration
20 %
Click-and-collect adoption
35 %
Local preference for in-store shopping
65 %
Total retail space
25,000,000 sqm
Retail space per capita
3.8 sqm/person
Projected growth in retail space
2 %
Retail leakage rate
15 %
Sustainable retail demand
High, driven by eco-conscious consumers
Major upcoming retail projects
The Well, mixed-use development
Grocery market share distribution - Top 3 retailers & market share
Loblaws 35%, Sobeys 20%, Metro 15% percent
Consumer spending patterns
Increasing on experiences and essentials
Grocery expenditure trends
Rising 3% annually percent
Luxury retail performance
Strong growth 5% percent
Top mall shopping preferences
Eaton Centre, Yorkdale
Shopping trips to other cities - % of residents
10 percent
Key drivers for mall visits
Entertainment, dining, one-stop shopping
Preferred brand categories - Luxury fashion, Value fashion, etc.
Luxury fashion 20%, Value fashion 30%, Activewear 25% percent
Number of existing malls
50 malls
Total retail footfall - annual visits across malls
200,000,000 sqm
Retail market gaps
Affordable fashion, ethnic groceries
Trade area population
6,500,000 people
Retail potential in catchment area
High due to density
Projected retail growth rate
3 %
Preferred mall layouts
Open-air, mixed-use
Public transport access
Excellent for major malls
Walkability score
70 score/100
Road infrastructure & car access
Good highway network
Parking capacity in comparable malls
10,000 spaces/mall
Surrounding land use & future developments
Mixed residential-commercial, ongoing condo builds
Retail Destinations in Toronto, ON
Browse 30 retail destinations in Toronto, ON, Canada. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Toronto, ON at a Glance
- Total Properties30
- CountryCanada
