Chanel Is This Canadian Landlord’s Defense Against Retail Woes

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Chanel Is This Canadian Landlord’s Defense Against Retail WoesThe head of Canada’s First Capital Realty Inc. said rents have never been so high or vacancies so low in the shops it owns and operates. It helps to be the biggest retail landlord in Toronto’s Yorkville, one of Canada’s ritziest shopping districts, and to have much of your real estate in downtown cores, anchored by grocery stores, fitness centers and pharmacies. It’s a profile often overlooked by investors obsessed with the narrative that online shopping is crushing retail, Chief Executive Officer Adam Paul said.

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