Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |

Categories
RSS

Canadian Retail Sales (September 2021) - November 19, 2021

Canadian Retail Sales (September 2021) - November 19, 2021


Canadian seasonally-adjusted retail sales fell 0.6% to $56.6 billion in September. The decline was driven by sales at motor vehicle and parts dealers (-1.6%) as new car sales continued to be impacted by semiconductor chip supply shortages. According to Statistics Canada's survey, just 0.5% of retailers were closed at some point in September. Preliminary estimates, based on roughly 50% of respondents reporting so far to the agency, indicate that retail sales rose 1% in October. 

In BC, sales rose 1.1% to a fresh record in September, erasing declines in July and August. Compared to the same month last year, retail sales were up 6.7% in the province. Only electronics and appliance sales and building material or garden equipment were not up on a year-over-year basis in September. In the Greater Vancouver region, sales fell 0.6% month-over-month and were up 10.3% year-over-year. 

In September, Canadian e-commerce sales rose from $3 billion to $3.2 billion. As a result, e-commerce increased from 4.9% of total retail sales in August to 5.3% in September. This percentage is lower than at most points since the onset of the pandemic but is elevated compared to pre-pandemic levels. 



Copyright British Columbia Real Estate Association. Reprinted with permission.


Comments:

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Your email will not be published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.