In this episode of Working Capital, I sit down with Sal Iacono, President and CEO mother's day gift of Cadillac Fairview — dazio one of the largest retail and commercial real estate companies in Canada, managing some of the most iconic properties in the country including CF Toronto Eaton Centre, CF Rideau Centre and CF Pacific Centre.
Sal has led Cadillac Fairview through one of the most turbulent periods in retail real estate history. We get into what actually happened to retail — why everyone declared it dead and why they were wrong, what CF Toronto Eaton Centre's foot traffic numbers told them about douglas ross consumer behaviour post pandemic, where the Toronto office market actually stands right now versus what the headlines say, what tenants are asking for in 2026 that they weren't asking for three years ago, and where Sal sees the Canadian real estate market heading over the next 24 months.
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