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Signal Hill Centre is an unenclosed power centre located at the intersection of Sarcee Trail and Richmond Road in southwest Calgary, Alberta, with a total gross leasable area of 592,173 square feet across 57 units. Owned by RioCan REIT, it serves as a key retail destination for the affluent Signal Hill neighbourhood and surrounding areas in SW Calgary. The tenant mix focuses on big-box anchors and specialty retailers, including RONA (116,288 sq ft), Lowe's, Winners, Michaels, Indigo, Staples, Canadian Tire, and smaller services like dental clinics, fitness centres (F45 Training), and salons (Chatters).
This composition supports everyday shopping needs with a balance of home improvement, apparel, books, and office supplies. The trade area encompasses a population of approximately 150,000 within a 5-km radius, characterized by middle-to-upper income households (median household income around $120,000), families with children, and professionals commuting to downtown Calgary.
Accessibility is strong via major arterial roads, with proximity to Stoney Trail for regional connectivity, though public transit options are limited compared to central areas.
Market position is solid in a tightening Calgary retail sector, where overall vacancy rates have fallen to about 4.5% in H1 2025 per CBRE reports, driven by population growth and low new supply.
Leasing advantages include stable anchor tenants drawing consistent footfall estimated at over 5 million annual visitors based on similar power centres, potential for co-tenancy clauses with majors, and base rents in the $20-30 per sq ft range for inline spaces amid upward pressure from low availability. Drawbacks involve competition from nearby Westhills Towne Centre and larger malls like Chinook, potential saturation in home goods categories, and vulnerability to economic slowdowns affecting discretionary spending in suburban locations.
Operational quality is maintained by RioCan, but aging elements in some units may require tenant improvements.
Overall, it offers practical opportunities for retailers targeting family-oriented, value-driven consumers in a growing metropolitan area with Calgary's population exceeding 1.3 million.
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Hours of Operation
Hours
| Monday | 10:00 AM — 07:00 PM |
| Tuesday | 10:00 AM — 07:00 PM |
| Wednesday | 10:00 AM — 07:00 PM |
| Thursday | 10:00 AM — 07:00 PM |
| Friday | 10:00 AM — 07:00 PM |
| Saturday | 10:00 AM — 07:00 PM |
| Sunday | 10:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Trade Area
The primary trade area for Signal Hill Centre includes the Signal Hill neighbourhood with a population of about 15,000 and a broader 5-km radius serving over 150,000 residents. Demographics feature a median age of 47, a balanced gender ratio, and above-average household incomes around $120,000, attracting middle-to-upper class families and professionals. This supports strong spending on home improvement and lifestyle goods, though aging population may limit youth-oriented retail. Footfall benefits from high vehicle traffic on Sarcee Trail (over 50,000 daily vehicles), contributing to robust weekend and evening visits, but lacks urban pedestrian density.
Tenant Mix and Occupancy
The centre's tenant mix emphasizes anchors like RONA and Lowe's (over 40% of GLA), complemented by mid-tier retailers such as Winners, Michaels, and Indigo, creating a synergistic draw for home and leisure shopping. Occupancy stands at approximately 95%, aligned with Calgary's retail market tightening to 4.5% vacancy in 2025 per CBRE data, reflecting low supply and steady demand. Strengths include diverse categories reducing risk from category-specific downturns, but weaknesses arise from limited food and entertainment options, potentially capping dwell time and cross-shopping compared to enclosed malls.
Lease Terms and Market Risks
Base rents for inline spaces range from $20-35 per sq ft net, with additional common area maintenance fees of $8-10 per sq ft, influenced by Calgary's rising retail rents amid record-low availability as reported by Avison Young in Fall 2025. Advantages include flexible lease terms with RioCan and proximity to high-income demographics boosting sales potential. Risks encompass competition from e-commerce and nearby centres like Westhills, market saturation in big-box retail, and access challenges during peak hours or winter conditions, alongside broader economic factors like oil price volatility impacting Calgary's consumer spending.
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Calgary, AB
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Calgary, AB
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