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Wealthy Canadians fuel mall construction boom

from The Vancouver Sun

While big box retailers like Target have struggled to gain a foothold in Canadian markets, demand for luxury retailers is strong and fueling massive expansion projects at shopping malls across Canada. According to research by commercial real estate company CBRE Group, more luxury retailers are predicted to arrive in Canada, albeit at a more moderate pace compared to the flurry of activity seen in the last three years. more

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