• Numerous business closures as a result of the pandemic coupled with the shift to online shopping has meant that e-commerce sales have more than doubled year-over-year, totalling $3.6 Billion in May.
  • The overall Downtown Vancouver vacancy rate recorded a 130 basis point increase from H1 2019, now at 4.8%.
  • Mall vacancies throughout Metro Vancouver escalated by 120 basis points from the 4.5% seen in H2 2019, now at 5.7%.