Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |


Canadian Retail Sales (March 2022) - May 27, 2022

Canadian Retail Sales (March 2022) - May 27, 2022

Canadian seasonally-adjusted retail sales were largely flat in March, hitting $60.1 billion. Despite declining sales at motor vehicle and parts dealers (-6.4 per cent), higher sales in all other subsectors resulted in no net change month over month. Core retail sales, which strips out gasoline and motor vehicle and parts dealers, increased 1.5 per cent in March. In volume terms, sales were down 1 per cent. 

In BC, seasonally-adjusted sales declined 0.5 per cent in March. Compared to the same month last year, retail sales were up 0.6 per cent in the province. In the Greater Vancouver region, sales fell 0.8 per cent month-over-month and were up 6.2 per cent year-over-year. 

In March, Canadian e-commerce sales rose 15 per cent to 3 billion, corresponding to 4.9 per cent of retail sales. This percentage remains elevated relative to pre-pandemic levels. 

Copyright British Columbia Real Estate Association. Reprinted with permission.


No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo 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.