Canada’s luxury retail landscape is experiencing a seismic transformation in 2025 as illustrious European brands Loewe, Maison Margiela, Chaumet, and Miu Miu open flagships in newly developed or expanded malls from Toronto to Vancouver, setting a new benchmark in premium shopping destinations.
- The Rise of the Luxury Mall: Toronto and Vancouver Lead the Way
- Maison Margiela’s Double Debut
- Vancouver’s Oakridge Park Redefines West Coast Luxury
- Montreal’s Royalmount and Toronto’s Bloor Street Add Power
- Curated Experiences, Strategic Partnerships
- Quotes and Strategic Vision
- Why Global Luxury is Betting on Canada
The Rise of the Luxury Mall: Toronto and Vancouver Lead the Way
Super-regional luxury malls like Yorkdale Shopping Centre (Toronto), Oakridge Park (Vancouver), and Royalmount (Montreal) are at the heart of this wave, offering heightened clustering of standalone boutiques and global designer experiences. The 65,000-square-foot luxury wing at Yorkdale — already Canada’s most productive retail space — was the launch pad for Loewe’s first Canadian boutique in April 2024. The store’s modern design, focus on Spanish craftsmanship, and inventory of coveted leather goods and ready-to-wear elevated Yorkdale’s status as a North American luxury leader.
Maison Margiela’s Double Debut
Maison Margiela, the Parisian icon of avant-garde fashion, is making its Canadian debut with two stores opening in 2025. Its first, a 1,747-square-foot boutique in Yorkdale’s new luxury corridor, establishes the brand near neighbors like Rimowa, Versace, and Loewe, part of the grand $28 million mall expansion. Margiela’s second Canadian boutique is set for the summer 2025 launch at Vancouver’s transformative Oakridge Park, joining an elite group including Louis Vuitton, Prada, and Moncler in a development blending luxury retail, residences, dining, and culture..
Vancouver’s Oakridge Park Redefines West Coast Luxury
Oakridge Park is Vancouver’s most significant retail-building project to date, adding 65,000 square feet of premium global brands—from fine fashion and jewelry to high-end home décor, wellness, and culinary concepts. This is where Chaumet — the storied French jeweler and part of the LVMH Group—will launch its first-ever standalone store not just in Canada but anywhere in North America. Miu Miu, the irreverent Italian sister brand to Prada and currently topping global trend indexes, will follow suit with its own Canadian flagship at Oakridge Park, anchoring a tenant list worthy of Rodeo Drive or Place Vendôme.
Montreal’s Royalmount and Toronto’s Bloor Street Add Power
While Toronto and Vancouver take the lead in luxury mall development, Montreal’s Royalmount project and Toronto’s Bloor Street corridor continue to attract new brands. Royalmount’s September 2024 grand opening introduced Quebec’s first cluster of exclusive luxury boutiques—from Louis Vuitton and Gucci to Tiffany & Co. and Rolex—in an aspirational setting designed to pull high-net-worth shoppers from the city’s downtown. The strategic expansion and competitive positioning of these mega-malls reflect expectations of healthy growth in domestic luxury spending, backed by an uptick in affluent consumers favoring local, immersive shopping experiences.
Curated Experiences, Strategic Partnerships
The arrival of Loewe, Maison Margiela, Chaumet, and Miu Miu is the result of detailed negotiations with Canadian retail property leaders like DWSV Realty, Oxford Properties (Yorkdale), QuadReal (Oakridge Park), and Think Retail (Chaumet). These partnerships are creating new cultural hubs for Canadian cities, offering everything from dedicated art installations and culinary events to wellness centers, performance venues, and luxury residential spaces adjacent to the retail corridors.
Quotes and Strategic Vision
“Spanish luxury brand Loewe entered Canada in April 2024 with a striking standalone boutique at Toronto’s Yorkdale Shopping Centre. The store’s modern and artistic design mirrors Loewe’s emphasis on craftsmanship and innovation. Showcasing the brand’s leather goods, ready-to-wear collections, and accessories, the Yorkdale location reinforces Toronto’s status as a burgeoning hub for luxury retail,” Retail Insider confirms.
Why Global Luxury is Betting on Canada
This wave of new entrants marks Canada’s evolution from a secondary luxury market to a major battleground for global brands seeking deeper connections with Gen Z, Millennials, and HNW clients. The focus on experiential retail, strategic urban placements, and mixed-use development signals confidence in Canadian luxury spending and long-term brand engagement.
