The World's Largest Resource for the Cart, Kiosk, and Temporary Retail Industry
by Ka Yan Ng and Solarina Ho
Reuters.com

A strong domestic economy and relatively modest retail rental rates have hiked demand for retail property in Canada, with U.S. companies lining up to try out a market that’s stronger than the faltering one at home.

New entrants include Victoria’s Secret, a unit of Limited Brands (LTD.N), which brought its sexy lingerie and supermodels to the Toronto and Edmonton areas this year, opening stores to excited crowds.

Victoria’s Secret joined established U.S. chains like Home Depot (HD.N), Best Buy (BBY.N) and Wal-Mart Stores (WMT.N), among others, all looking for a logical growth avenue to reach consumers with similar backgrounds, but slightly more money to spend.

“Any retailer that sells in the U.S. views Canada as an opportunity,” said Erika Maschmeyer, a senior analyst at investment firm Robert W. Baird & Co.

“Retailers have done well crossing the border.”

Canada’s relatively speedy recovery from recession has helped retail sales, allowing the retail property sector to outperform office towers or industrial parks this year.

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