At the recent International Council of Shopping Centres event in Toronto, Target announced its plans for its 200 store push into Canada.
Like many other cities, Torontonians loathe big box stores (see: Wal-Mart Leslieville). If Target's past history in the States are indications of what we are going to see in Canada, we will no doubt see more retail locations coming into downtown's of cities across Canada.
Target has has 35 multi-level stores in the US. Some of these stores have underground parking, and has one in Brooklyn that has no parking. I expect this to be a growing trend of condo developers partnering with Target and other retailers in the style of Queen and Portland.
With the success at Longo's at Maple Leaf Square, this will be a pretty cool for residents.
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When making an investment into a condominium, its important to keep several things in mind to maximize your return on investment. Don't assume that you will live out your days in your condo. Hope for good times, but plan for the bad ones.
Toronto Condo Investment
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