Canada's Most Profitable Shopping Malls, According To Avison Young

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TORONTO — Commercial real estate firm Avison Young says Toronto's Yorkdale Shopping Centre was the country's most profitable retail mall last year.

In a new report, Avison Young says Yorkdale mall generated $1,610 in sales per square foot in 2015.

That bumped Vancouver's CF Pacific Centre, which topped the list the previous year, into second place in 2015. CF Pacific Centre generated $1,599 in sales per square foot last year.

Bill Argeropoulos, principal and practice leader of Canadian research at Avison Young, says more than $4.5 billion worth of retail properties changed hands last year. That was down 31 per cent from the previous year.

"Despite economic headwinds, retailer failures, digital disruption and the purchasing habits of a new generation, Canada’s evolving retail property sector and its top malls are doing just fine," Argeropoulos said in a statement.

Here are the 10 malls that generated the highest sales per square foot in 2015:

Yorkdale Shopping Centre in Toronto: $1,610

yorkdale mall shooting Canadian Press photo

CF Pacific Centre in Vancouver: $1,599

pacific centre mall Wikimedia Commons photo

Oakridge Centre in Vancouver: $1,537

oakridge centre mall Flickr

CF Toronto Eaton Centre in Toronto: $1,509

eaton centre toronto crowds Getty Images

Southgate Centre in Edmonton: $1,215

southgate edmonton SouthgateCentre.com

CF Chinook Centre in Calgary: $1,119

chinook centre calgary CFShops.com

Royal Bank Plaza in Toronto: $1,096

royal bank plaza toronto Canadian Press photo

CF Rideau Centre in Ottawa: $1,018

rideau centre ottawa Caribb via Flickr

Metropolis at Metrotown in Burnaby, B.C.: $1,008

metropolis metrotown burnaby MetropolisAtMetrotown.com

Square One in Mississauga: $994

square one mississauga

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