BCREA Canadian Retail Sales

Canadian Retail Sales - May 23, 2012

Canadian retail sales rose 0.4 per cent in March, offsetting a decline in February. Sales were also 0.4 per cent higher in volume terms.  Sales growth was fairly broad based with 7 of 11 retail subsectors reporting gains. With today's release, we estimate that the Canadian economy grew 2.1 per cent in the first quarter of 2012.

 In BC, retail sales suffered a setback following two relatively strong months to start the year. Retail sales in the province fell 0.2 per cent from February but were 4 per cent higher compared with March 2011. Year to date, BC retail sales are over 5 per cent higher than the first quarter of 2011, aided by stronger full-time employment growth and steadily improving economic growth.

For more information, please contact: 

Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884
Email: cmuir@bcrea.bc.ca

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.