Canadian Retail Sales - March 18, 2016
Canadian retail sales bounced back from a disappointing December, rising 2.1 per cent in January. Sales growth was broad-based with 7 of 11 subsectors reporting higher sales. Given strong economic data to start 2016, first quarter real GDP growth in Canada is tracking at about 1.9 per cent, a significant improvement from just 0.8 per cent growth in the fourth quarter of 2015.
In BC, retail sales grew 2.8 per cent on a monthly basis and were up a blistering 9 per cent compared to January 2015. The BC economy is off to a very strong start in 2016, with growth in the early months tracking at more than 3 per cent on an annualized basis.
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 Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.