Canadian retail sales increased 0.3 per cent in July to $66.1 billion, led by increases at food and beverage retailers (+1.3 per cent). Excluding volatile items, sales were up 1.3 per cent month-over-month. In volume terms, retail sales declined 0.2 per cent in July. Retail e-commerce trade rose by 2.4 per cent to $4 billion in July, amounting to 6 per cent of total retail sales.
Sales in BC rose 1.4 per cent in July. BC retail sales are up 1.2 per cent from the same time last year. In the CMA of Vancouver, retail sales were up 2 per cent from last month and 1.9 per cent from July of 2022.
Copyright British Columbia Real Estate Association. Reprinted with permission.