Costco Expands Retail Footprint Across Canada with New Warehouses Planned

Costco is quietly building one of the most active retail expansion pipelines in Canada.

From Northwestern Ontario to Metro Vancouver, the membership-based retailer has warehouses under construction or in advanced planning across a growing list of communities, signalling confidence in the Canadian market at a time when many retailers are slowing expansion plans and reassessing their physical footprints.

Public records, municipal approvals, land transactions and construction activity point to at least 10 traditional warehouse projects in various stages of development across the country, alongside continued growth of Costco’s Business Centre format.

The projects suggest that Costco’s Canadian strategy is entering a new phase. After spending much of the past two decades establishing a presence in major metropolitan markets, the company is now pursuing a combination of suburban densification, regional expansion and additional capacity in communities where existing stores have become increasingly busy.

A Wave of New Openings Approaches

Several new Costco warehouses are expected to open before the end of 2026.

In Ontario, construction is underway on a new warehouse in Wasaga Beach, where the town issued a building permit in April and officials participated in a groundbreaking ceremony in June. The approximately 162,000-square-foot project represents a $50 million investment and is expected to create more than 370 jobs. The store will include a gas bar, tire centre and seasonal garden centre.

Another Ontario project is progressing in Windsor’s east end, where a second Costco warehouse is rising behind the Home Depot and Walmart complex off Tecumseh Road East. Construction has reached the structural steel stage and the developer is targeting a November opening.

Western Canada is also seeing significant activity. Construction is underway on Regina’s second Costco warehouse at 8701 Dewdney Avenue, where the store will anchor the new Horizons shopping district. In Alberta, a new Costco is being built at Bingham Crossing in Rocky View County west of Calgary, while another warehouse has received building permits and is now under construction at Manning Town Centre in northeast Edmonton (replacing a smaller store nearby).

Lloydminster is also preparing to welcome its first Costco warehouse.

The approximately 160,000-square-foot project at 75 Avenue and 19 Street is expected to open in November and will serve a trade area that spans both Alberta and Saskatchewan, illustrating Costco’s willingness to pursue opportunities in mid-sized regional markets.

Expected Openings in 2026

• Wasaga Beach, Ontario – Fall 2026
• Bingham Crossing (Rocky View County), Alberta – Late 2026
• East Windsor, Ontario – November 2026
• Lloydminster, Alberta/Saskatchewan – Mid-November 2026
• Regina West, Saskatchewan – Late 2026

Expected Openings in 2027

• Thunder Bay, Ontario – Mid-2027 (estimated)
• Halton Hills, Ontario – October/November 2027
• South Surrey, British Columbia – Late 2027
• Oakville/Burloak, Ontario – Fall 2027
• Beyond the projects expected to open this year, Costco has assembled a substantial pipeline of future developments.
• Thunder Bay appears poised to become the retailer’s next entirely new regional market. Costco acquired land near Golf Links Road, Central Avenue and Innovation Drive, and “Coming Soon” signage was erected on the property in late June. Local officials and industry observers expect the store could open sometime in 2027.
• In the Greater Toronto Area, Halton Hills council recently approved a major retail development at Regional Road 25 and 5 Sideroad that will include a Costco warehouse. Earthworks are expected to begin this summer, with the developer targeting an opening in late 2027.
• Another significant project is taking shape in Oakville, where Costco has secured approvals for a warehouse at 3471 Wyecroft Road. The approximately 168,590-square-foot store will feature a two-level parking arrangement with roughly 1,000 spaces and is now expected to open in fall 2027 following extensive infrastructure work.
• In Metro Vancouver, Surrey has approved a 165,000-square-foot Costco warehouse and gas station on 33 acres at 1891-1947 164 Street in South Surrey. Construction of a new Highway 99 overpass and related road improvements is progressing nearby, with the infrastructure project and warehouse expected to be completed on similar timelines.