Despite "economic headwinds, retailer failures, digital disruption and the purchasing habits of a new generation," Canada’s top shopping centres and retail property sector—which saw $4.5B in assets trade in 2015, 20% of national commercial real estate investment sales volume—are faring just fine, Avison Young research chief Bill Argeropoulos notes in a new report. Here are Canada's four best-performing malls.

1. Yorkdale Shopping Centre

Location: Toronto

Owner: Oxford Properties Group, Alberta Investment Management Corp (AIMCo)

Size: 1.8M SF

Sales PSF (2015): $1,610

Worth noting: Yorkdale, which this year adds Nordstrom to its ever-expanding roster, was Canada’s most productive mall, unseating last year's champ, Vancouver’s CF Pacific Centre. For retail sales growth, Ontario (+4.5%) and Toronto (+5.4%) were second in the nation.

2. CF Pacific Centre

Location: Vancouver

Owner: Cadillac Fairview

Size: 1.58M SF

Sales PSF: $1,599

Worth noting: Amid its extensive redevelopment, culminating with last fall's opening of Nordstrom, Pacific Centre lost top spot on the most-profitable malls ranking, albeit by a slim margin ($11/SF). But BC (+6.6%) and Vancouver (+9.9%) led the country in sales growth.

3. Oakridge Centre

Location: Vancouver

Owner: Ivanhoé Cambridge

Size: 575k SF

Sales PSF: $1,537

Worth noting: Ivanhoé Cambridge earlier this year scaled back its extensive plan to redevelop the venerable Vancouver mall, which dates to 1959, positioning it at the centre of a new mixed-use community. A slimmed-down proposal includes 2,450 residential units.

4. CF Toronto Eaton Centre

Location: Toronto

Owner: Cadillac Fairview

Size: 1.7M SF

Sales PSF: $1,509

Worth noting: Eaton Centre is having a big year, with last month’s opening of Saks Fifth Avenue and (yet another) Nordstrom coming this fall. Five of Canada's 10 top-performing malls are in Ontario, and four of the five top Ontario centres are located in the GTA, according to Avison Young.