Canadian retail sales increased 0.1 per cent in June to $65.9 billion, led by sales by motor vehicles and parts dealers. Excluding volatile items, sales were down 0.9 per cent month-over-month. In volume terms, retail sales declined 0.2 per cent in June. Retail e-commerce trade rose by 1.1 per cent to $3.7 billion in June, amounting to 5.7 per cent of total retail sales.
Sales in BC fell 4.8 per cent in June following a very strong May number. BC retail sales are down 1.7 per cent from the same time last year. In the CMA of Vancouver, retail sales were down 3.1 per cent from last month and 2.2 per cent from June of 2022.
Copyright British Columbia Real Estate Association. Reprinted with permission.