Canadian Retail Sales (March 2022) - May 26, 2022

Canadian Retail Sales (March 2022) - May 26, 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.

Link:  https://mailchi.mp/bcrea/canadian-retail-sales-march-2022

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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.