Subscribe with RSS ReaderCanadian retail sales declined 0.1 per cent on a monthly basis in December as lower sales at gas stations offset otherwise strong spending. Excluding sales at gas stations, retail sales were up 0.4 per cent. For all of 2018, Canadian retail sales rose 2.7 per cent.
In BC, retail sales fell 0.2 per cent on a monthly basis and were up just 0.6 per cent year-over-year. For all of 2018, BC retail sales rose just 2.1 per cent, a steep decline from the over 9 per cent growth in retail spending in 2017. A pick-up in job growth and pressure on wages from BC's low unemployment rate should translate to a recovery in retail spending in 2019.
Copyright British Columbia Real Estate Association. Reprinted with permission.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: