•Year-to-date retail sales growth remains muted, growing just 3.2% over the same period in 2017.

•Household spending accelerated in the quarter by 0.6%, growing twice as fast as the 0.3% increase seen in Q1 2018.

•New supply is set to reach 4.1 million sq. ft. in 2018, 36.2% of which was completed in the first half of the year. Edmonton delivered the majority of product through the completion of the Premium Outlet Collection at EIA.

•Under construction totaled 11.9 million sq. ft. at mid-year, equal to 3.2% of retail inventory. Half of the development pipeline is currently in the form of mixed-use projects.

•The overall national vacancy rate increased 140 bps from year-end to 4.7%, the most significant market movement recorded in the history of the survey.