Canadian Retail Sales (February 2022) - April, 2022

Canadian seasonally-adjusted retail sales rose 0.1 per cent to $59.9 billion in February. Despite declining sales at sales at motor vehicle and parts dealers (-5.1 per cent), higher sales at clothing and clothing accessories stores (+15.1 per cent) and gasoline stations (+6.2 per cent) drove the total upwards. Core retail sales, which strips out gasoline and motor vehicle and parts dealers, increased 1.4 per cent in February. In volume terms, sales were down 0.4 per cent. 

In BC, seasonally-adjusted sales declined 0.9 per cent in February. Compared to the same month last year, retail sales were up 0.2 per cent in the province. In the Greater Vancouver region, sales fell 0.7 per cent month-over-month and were up 6 per cent year-over-year. 

In February, Canadian e-commerce sales declined 16 per cent to 2.6 billion. As a result, e-commerce decreased from 6.2 per cent of total retail sales in January to 5.3 per cent in February. This percentage remains elevated relative to pre-pandemic levels. 

For more information, please contact: Gino Pezzani.


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Your email will not be published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 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.