Upper Canada Mall Limited

What Upper Canada Mall Limited does

Upper Canada Mall is a Class-A enclosed shopping centre located at 17600 Yonge Street in Newmarket, Ontario, serving as the dominant retail destination for the York Region and the catchment north of the Greater Toronto Area. Operating continuously for over 50 years and housing more than 210 retailers and restaurants, the property is anchored by a national-tier tenant roster including Apple, Aritzia, lululemon, Sephora, Winners, Zara, LCBO, and Structube. A signature differentiator is Market & Co., a 40,000 sq.ft. immersive food market concept described as the first food hall of its kind inside a Canadian shopping centre, complemented by specialty leasing, pop-up events, and a recurring community activation calendar (lululemon Run Club, Summer Wednesdays with Newmarket Public Library, the NGA Community Gallery Wall).

The business model is anchored on recurring rental income from permanent and specialty tenants, supplemented by transactional revenue from physical and digital gift card sales (including a dedicated corporate gifting channel), stroller and wheelchair rentals, EV charging, and event co-hosting fees. Distribution is physical-first through on-site retail storefronts and an in-centre Guest Experience desk, extended by online eGift card delivery and a corporate concierge program. Customer reach is regional rather than national, focused on GTA-adjacent shoppers, community organizations, and retail tenants.

The mall is co-owned by Oxford Properties Group (manager of day-to-day operations, leasing, and strategy) and CPPIB (Canada Pension Plan Investment Board). Sustainability is a visible operational pillar, with BOMA Best 4.0 Platinum certification, 95% LED common-area conversion, multi-stream recycling compactors, and EV charging infrastructure. The reported entity has a lean headcount (6 employees), consistent with a property management vehicle within the broader Oxford Properties real estate platform.

Name

Upper Canada Mall Limited

Legal name

Upper Canada Mall Limited

Website

https://uppercanadamall.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1–10 employees

Short description

Upper Canada Mall is an enclosed shopping centre in Newmarket, Ontario, co-owned by Oxford Properties and CPPIB, housing 210+ retailers and restaurants anchored by Apple, lululemon, Sephora, Winners, Zara, and Market & Co., Canada's first in-mall food market. The business leases space to retail and dining tenants and is operated as the dominant retail destination north of the Greater Toronto Area.

Ownership category

akta.pro rank

Headquarters

HQ city

Newmarket

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Marketing or Sales, Personnel, Technology or R&D

Revenue model

1. Retail Tenant Leasing: The mall generates revenue primarily through leasing retail space to permanent and specialty tenants. The leasing page references both permanent leasing and specialty leasing opportunities, with a contact form for prospective tenants to inquire about space.
2. Gift Card Program: Sale of gift cards (physical and eGift) at the mall. Gift cards can be purchased at Guest Services or Gift Card Kiosks in-centre, or ordered online. Daily purchase limit of $2,500 per customer per day for physical cards.
3. Event and Activation Fees: Revenue generated through hosting events and community activations, including partnerships with retailers for birthday celebrations and other special events.

Pricing tiers

Distribution channels5 records

Marketing channels8 records

Core offering

Upper Canada Mall operates a premier shopping centre in Newmarket, Ontario, leasing retail space to 210+ permanent and specialty tenants including anchor brands Apple, Aritzia, Zara, lululemon, Sephora, LCBO, and Winners. The mall also offers a gift card program (physical, eGift, and corporate bulk), guest amenities (Wi-Fi, EV charging, stroller/wheelchair rentals), and community event programming, anchored by Market & Co., a 40,000 sq.ft. food market concept.

Product overview

Upper Canada Mall is a premier shopping destination north of the GTA featuring over 210 retailers and restaurants. The mall's core product is its retail platform offering fashion, dining, and entertainment experiences, anchored by Canada's first food market concept within a shopping centre environment called Market & Co. (40,000 sq.ft.). Supporting products include gift card programs (physical, eGift, and corporate bulk ordering), community programs providing space for local organizations, guest services and amenities (Wi-Fi, EV charging, wheelchair rentals), accessibility services, sustainability initiatives, and events programming. The mall is co-owned by Oxford Properties and CPPIB and managed by Oxford Properties Group.

Differentiator

Problem solved

Functional benefit

Brands

• Market & Co. Canada's first food market concept within a shopping centre environment, spanning 40,000 sq.ft. with fresh foods, take-away options and full-service restaurants.

Products and services

• Upper Canada Mall (Shopping Centre) A premier shopping centre located north of the GTA in Newmarket, Ontario, housing over 210 retailers and restaurants including Apple, Aritzia, Winners, Zara, lululemon, Sephora, LCBO, and Structube. Serves as a one-stop retail destination for fashion, food, dining, and community events.
• Market & Co. Canada's first food market concept within a shopping centre environment — a 40,000 sq.ft. immersive space featuring fresh foods, take-away options, and full-service restaurants. Includes the NGA Community Gallery Wall partnership with Newmarket Group of Artists.
• Upper Canada Mall Gift Cards (Physical & eGift) Gift cards redeemable at over 210 retailers and restaurants within the mall. Available as physical cards purchased in-centre at Guest Services or kiosks, and as digital eGift Cards sent via email or text. Daily purchase limit of $2,500 per customer.
• Corporate Gift Card Program Bulk gift card ordering for businesses, available in physical or digital format for employee recognition, customer appreciation, holiday gifts, and corporate giveaways. Includes a dedicated Corporate Gifting Concierge.
• Retail Tenant Leasing (Permanent & Specialty) Leasing of retail space to permanent and specialty tenants within the mall. Includes a contact form for prospective tenants to inquire about available space.
• Refuel Juicery Toronto-based organic, cold-press juicery located within Upper Canada Mall, serving made-to-order juices, smoothies, and protein shakes.

Quantifiable outcome

• 210+ retailers and restaurants in one location
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Newmarket Group of Artists (NGA)coreStrategic or Co-development PartnerA local non-profit organization dedicated to enriching Newmarket through the power of art. The NGA's mission is to foster a vibrant cultural environment, connect local artists with the public, and inspire creativity and collaboration across all generations. Upper Canada hosts the NGA Community Gallery Wall and Summer Gallery Wall events.
• Southlake Health FoundationminorOthersSouthlake Health Foundation supports life-saving medical equipment, infrastructure upgrades and expansions, patient programs and staff education for the goal of providing leading-edge care for patients and families, close to home.
• Victim Services of York RegionminorOthersA non-profit, charitable agency that works in partnership with York Regional Police and the O.P.P. to provide 24-hour emotional support and practical assistance to persons victimized by crime or tragic circumstance.
• Easter Seals OntariominorOthersDedicated to helping children and youth with disabilities carve their own path into the world, with assurance and autonomy. Believes every child should have the chance to achieve their dreams and make their mark on the world.
• York Regional PoliceminorOthersServes one of the most diverse and fastest-growing communities in Canada, patrolling areas ranging from serene rural landscapes to urban cityscapes to ensure the safety and security of residents.
• Central York Chamber of CommerceminorOthersSupports businesses and leaders with a clear objective to create a landscape where people and communities thrive through creating opportunities for collaboration and mentorship that drive growth and success.
• Town of NewmarketminorOthersProvides residents with a wide range of programs and services that make Newmarket a truly liveable and loveable place to call home.
• Marquee Theatrical ProductionsminorOthersGoal is to inspire excellence, motivate learning, build confidence and spark a lifelong appreciation for the arts by helping children develop their artistic talents and coaching them to strive for excellence.
• Girls Inc. of York RegionminorOthersA non-profit youth organization dedicated to empowering girls and young women to seek the highest quality of life possible through programs designed to champion the rights and well-being of all girls.
• Newmarket Public LibrarycoreStrategic or Co-development PartnerPartners on Summer Wednesdays program offering free kids' crafts and activities. Also has a Book Drop location on the Lower Level at Upper Canada Mall near Market and Co. Items are collected twice a week and checked in at the library.
• York PrideminorOthersAims to inspire positive change through human connections, support, and education while providing 2SLGBTQ+ focused events to highlight the importance of creating inclusive spaces within and beyond York Region.
• Ontario SPCA and Humane SocietyminorOthersProvides care, comfort and compassion to animals in need in communities across Ontario. Strives to keep pets and families together through community support services such as sheltering and adoptions.
• The Salvation ArmyminorOthersAn international organization that gives hope and support to vulnerable people and offers practical assistance for children and families, often tending to the basic necessities of life.
• Community Living Central YorkminorOthersCommunity organization providing support and services to individuals with developmental disabilities and their families in the York Region area.
• Newmarket Food PantryminorOthersLocal food security organization helping address hunger and food access needs in the Newmarket community.
• BOMA (Building Owners and Managers Association)minorOthersAwards BOMA Best Platinum certification to Upper Canada Mall recognizing excellence in building operations and management across energy, water, comfort, health and wellness, cleaning practices, and waste removal.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• White Oaks Mall: Oakville, Ontario enclosed shopping centre serving a high-income GTA-adjacent trade area. Direct peer on suburban enclosed-mall format and overlapping premium tenant mix.
• Pickering Town Centre: Pickering, Ontario enclosed shopping centre (GTA east), positioned similarly to UCM as a regional mall for a fast-growing suburban catchment. Direct peer on format and demographic profile.
• CF Markville: Markham, Ontario shopping centre operated by Cadillac Fairview, located just south of Upper Canada Mall along the Yonge Street corridor. Direct peer serving a similar north-GTA demographic with overlapping fashion and lifestyle tenants.
• CF Fairview Mall: Toronto-based enclosed regional shopping centre operated by Cadillac Fairview. Direct peer on format, anchor-tenant mix (Apple, Sephora, etc.), and GTA catchment overlap.
• Erin Mills Town Centre: Mississauga, Ontario enclosed regional shopping centre owned by Oxford Properties Group. Direct peer via shared Oxford ownership and similar GTA-wide regional-mall positioning with comparable anchor tenant breadth.
• Lime Ridge Mall: Hamilton, Ontario enclosed regional shopping centre owned by Ivanhoé Cambridge / co-investors. Direct peer via similar enclosed-mall format and comparable fashion + food-court tenant mix in an Ontario secondary market.
• Yorkdale Shopping Centre: Toronto/Hwy 401 & 400 luxury and premium shopping centre also co-owned by Oxford Properties and CPPIB. Direct peer given same ownership structure, similar GTA catchment, and shared premium anchor tenant mix (Apple, lululemon, Sephora, etc.).
• Scarborough Town Centre: Toronto shopping centre owned in part by Oxford Properties Group. Direct peer via shared Oxford ownership, similar enclosed regional-mall format, and comparable mix of fashion, food court, and lifestyle tenants.
• Oshawa Centre: Enclosed regional shopping centre in Oshawa, Ontario (GTA east), also co-owned by Oxford Properties and CPPIB. Directly comparable on ownership, scale, tenant mix and GTA regional-mall positioning.

Broad incumbents

• RioCan REIT: Canada's largest retail REIT, owning a portfolio of enclosed malls and open-air shopping centres including several GTA assets. Broad incumbent given parallel operating model (retail-property landlord) at much larger scale than UCM.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/uppercanadamall
• Facebookfacebook.com/uppercanadamall
• Instagraminstagram.com/uppercanadamall
• LinkedInlinkedin.com/company/upper-canada-mall-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Upper Canada Mall Limited