Canadian Retail Sales (August 2021) - October, 2021

Canadian seasonally-adjusted retail sales rose 2.1% to $57.2 billion in August. The rise was driven by sales at food and beverage stores (4.8%), gasoline stations (3.8%), and clothing and clothing accessories stores (+3.9%). COVID restrictions were generally eased across the country in August. According to Statistics Canada's survey, just 0.6% of retailers were closed at some point in August. Preliminary estimates, based on roughly 54% of respondents reporting so far to the agency, indicate that retail sales declined 1.9% in September. 

In BC, sales rose 1% to a fresh record in August, erasing a drop in July. Compared to the same month last year, retail sales were up 8.6% in the province. Only food and beverage store sales, electronics and appliance sales, and health and personal care sales were not up on a year-over-year basis in August. In the Greater Vancouver region, sales rose 2.7% month-over-month and were up 16.2% year-over-year. 

In August, Canadian e-commerce sales rose from $2.8 billion to $3 billion. As a result, e-commerce increased from 4.6% of total retail sales in July to 4.9% in August. This percentage is lower than at most points since the onset of the pandemic but is elevated compared to pre-pandemic levels. 

Link:  https://mailchi.mp/bcrea/canadian-retail-sales-august-2021

For more information, please contact: Gino Pezzani.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.