Oxford Properties Group Reports Record Retail Sales at GTA Malls, Yorkdale Hits $2,368 Per Sq. Ft.

Oxford Properties Group announced record-breaking annual sales figures across its three Greater Toronto Area shopping centres in 2025, according to the International Council of Shopping Centers' (ICSC) annual report on shopping centre sales performance. The results mark continued growth at Yorkdale Shopping Centre, Square One in Mississauga, and Scarborough Town Centre (STC) in the eastern GTA.

Yorkdale Leads Canadian Retail Performance

Yorkdale Shopping Centre achieved $2,368 in sales per square foot in 2025, a figure Oxford Properties Group described as cementing its position as Canada's top-performing shopping centre for a decade. The result represents a 34 percent increase since 2021 and exceeds the next-highest Canadian shopping centre by more than $700 per square foot, according to the firm.

The centre's 2025 performance followed the opening of Simons' first Toronto-based store, as well as Canadian retail debuts for Gentle Monster and AMI Paris. Oxford Properties Group also noted that Yorkdale is set to complete a new luxury corridor later in 2025 when a Gucci boutique opens. The centre already counts Brunello Cucinelli, Dior, Loewe, Loro Piana, Jimmy Choo, Maison Margiela, Moncler, RIMOWA, Saint Laurent, Tom Ford, and Versace among its luxury tenants.

Square One and Scarborough Town Centre Post Multi-Year Gains

Square One in Mississauga recorded $1,396 in sales per square foot in 2025, an 8.6 percent increase from 2024 and a 67 percent increase since 2021. Oxford Properties Group noted that the centre is situated within the rapidly growing City of Mississauga and is adjacent to Square One District, a mixed-use community development.

Scarborough Town Centre surpassed $1,000 in sales per square foot for the first time in 2025, reaching $1,073 per square foot — an 11.1 percent increase from 2024 and an 84 percent increase since 2021. Oxford Properties Group said STC's 2025 performance is indicative of its evolution into a regional shopping destination of significance. The centre serves as a cultural hub, hosting the Scarborough Walk of Fame, the BreakTO breakdancing competition, and local arts and cultural festivals including the Caribbean Carnival. It is also home to one of the largest WINNERS stores in the region.

Oxford Properties Group Attributes Results to Tenant Curation and Experience

Robert Horst, Vice President, National Retail at Oxford Properties Group, attributed the results to the firm's retail strategy and tenant mix.

"This year's record-breaking performance is driven by a commitment to bringing internationally renowned brands to Canada, often for the first time, and delivering a best-in-class retail experience that continues to evolve," Horst said. "Our GTA shopping centres are retail, recreation, and cultural hubs that attract shoppers from across the GTA and from around the world. Yorkdale and Square One are both established market leaders, while STC continues to capture the attention of the region and steadily grow in influence and economic impact. STC's performance this year validates its position as a key retail destination within a dynamic and diverse community, and we look forward to seeing it continue to build on this success in the years ahead by offering a compelling mix of destination and necessity-based retail."

Context

The ICSC's annual report serves as a benchmark for shopping centre sales performance across Canada and North America. Oxford Properties Group's three GTA centres have recorded consistent sales-per-square-foot growth over the four-year period from 2021 to 2025, a trend the firm attributed to experience-driven programming, curated tenant mixes, and ongoing asset management.

Sources: Oxford Properties Group – GTA Shopping Centres Achieve Record-Breaking Sales in 2025