The Canadian luxury retail market is red hot right now. Indeed, there has been an increase of upscale brands opening flagship stores
in major cities (especially Toronto and Vancouver) over the last three years, notably French fashion houses Chanel, Hermès as well as Swiss watchmaker Richard Mille. According to Retail Insider
, almost 40 percent of the about 50 new international retailers that entered Canada in 2017 were considered to be “in the luxury segment of the market”.