Canadian Retail Sales (February 2021) - April 28, 2021

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/canadian-retail-sales-february-2021-april-28-2021

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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.