Canadian Retail Sales (February 2021) - April 28, 2021
Posted by Ron Neal on Wednesday, April 28th, 2021 at 5:26pm.
Canadian Retail Sales (February 2021) - April 28, 2021
Canadian retail sales rose 4.8% m/m on a seasonally-adjusted basis in February. Sales were higher in 9 of 11 sub-sectors, led by higher sales at motor-vehicle and parts dealers as well as gas stations. Excluding motor-vehicles and gasoline, retail sales were up 3.8% in February. Statistics Canada also released a preliminary estimate for March showing retail sales increased 2.3%.
In BC, seasonally-adjusted retail sales were down 0.1% m/m but were up 1.8% m/m in Vancouver. On a non-seasonally adjusted basis, BC retail sales were up by 12% compared to the same time last year.
In February Canadian e-commerce sales rose 92% year-over-year to $3.1 billion, accounting for 6.8% of total retail sales. The share of e-commerce was down 1.3 percentage points as more brick-and-mortar stores were open to in-person shopping.
Link: https://mailchi.mp/bcrea/
For more information, please contact:
Brendon Ogmundson Chief Economist 604.742.2796 bogmundson@bcrea.bc.ca |
Kellie Fong Economist 778.357.0831 kfong@bcrea.bc.ca |
BCREA is the professional association for more than 23,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research, and standard forms to help REALTORS® provide value for their clients.
To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
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The Neal Estate Group is your #1 source for all of your Victoria BC real estate needs. Get in touch with us online or by phone at (250) 386-8181 to speak with a Victoria real estate buying or selling expert today. With decades of experience as a top selling Victoria REALTOR® and ranked in top 1% globally with over 5,000 transactions and $1 Billion SOLD, Ron Neal & The Neal Estate Group have the industry experience and market knowledge to help you make smart and informed buying or selling decisions.