Toys ‘R’ Us Canada facing suits seeking millions in unpaid rent
Global News
Toys “R” Us Canada is facing at least seven lawsuits from landlords who say they’re collectively owed $31.3 million in unpaid rent and other damages from the struggling retailer.
Toys “R” Us Canada is facing at least seven lawsuits from landlords who say they’re collectively owed $31.3 million in unpaid rent and other damages from the struggling retailer.
Documents filed with an Ontario court last year claim the toy store chain failed to pay rent for several of the properties it occupied in 2024 and 2025, sparking lawsuits.
The spaces were owned by landlords as prominent as RioTrin Properties — part of the RioCan Real Estate Investment Trust empire — and Calloway Real Estate Investment Trust and include spaces in Saint John, N.B.; Belleville, Ont.; and Oakville, Ont.
Toys “R” Us Canada has since moved out of many of the locations at the heart of the lawsuits and shuttered dozens of other stores over the last few years, shrinking its footprint to just 40 stores by some counts.
The claims have not been tested in court. A Toys “R” Us Canada spokesperson said they had no information to share for this story, while lawyers representing the company and its CEO did not respond to requests for comment about this story.
However, experts say one needs to look no further than the widespread, gradual closures to realize Toys “R” Us Canada is struggling.
“The big question is whether in a year’s time Toys “R” Us is going to exist and whether it’s in a physical format or is it going to exist in an online format,” said Jenna Jacobson, director of the Retail Leadership Institute at Toronto Metropolitan University.
“What does the future of this company look like? Right now, we don’t know.”
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