Lowe’s will further expand its presence in Canada, according to an announcement from a real estate investment firm that has entered into an agreement with the retailer.
RioCan Real Estate Investment Trust has announced two agreements to lease store sites to Lowe’s for two new stores in Whitby, Ontario, and Toronto.
Regarding the Whitby store, “Site work has already commenced, with an anticipated opening date of the Lowe's store in early 2009,” the announcement states.
At the Toronto site, a former Wal-Mart store will be demolished to accommodate the new Lowe’s store. That store also has a planned opening date in 2009.
Lowe’s most recently opened its doors in Maple, Ontario. The retailer entered the Canadian market last year with locations in Hamilton, Ontario; Brantford, Ontario; Newmarket, Ontario; Brampton, Ontario; and Toronto.