TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - The Cadillac Fairview Corporation Limited is pleased to announce that nine properties throughout Ontario will launch the holiday shopping season this year by extending hours on Black Friday.
Fairview Mall (Toronto), Fairview Park (Kitchener), Limeridge (Hamilton), Markville (Markham), Masonville (London), Promenade (Thornhill), Sherway Gardens (Toronto), and Shops at Don Mills (Toronto) will all open at 7:00 a.m., with Toronto Eaton Centre opening its doors at 6:00 a.m.
Black Friday is held in the United States on the day following the American Thanksgiving, and is acknowledged as the start of the shopping season. Increasingly, Canadians have chosen to cross the border and participate in the busiest shopping day on the U.S. calendar to take advantage of bargains.
A recent survey by Deloitte indicated that close to 40 per cent of Ontario residents plan to cross-border shop this upcoming holiday season. Relaxed duty-free limits for cross-border shoppers and the prevalence of online shopping have made it easier than ever for Canadians to capitalize on U.S. prices.
"Our retail sector has to work hard to remain competitive and keep shoppers north of the border," said Martin Wray, Vice President, Operations, Ontario Portfolio. "Through initiatives like Black Friday, Cadillac Fairview is providing better access for consumers, and generally creating retail environments to keep people shopping locally."
In addition to extended hours, properties and retailers will host Black Friday promotions for their customers. A full list of retailer and Centre-specific promotions will be available on each property's website.
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management.
Cadillac Fairview focuses on developing and managing high quality office properties and regional shopping centres in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $20 billion, Cadillac Fairview and its affiliates own and manage nearly 47 million square feet of leasable space at 83 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook Centre.