Cell (604) 727-5385 | graham@grahamhiggins.com

  Mortgage Calculator

Calculate Your Payments

  Buyer Resources

Best Real Estate Advice

  Seller Resources

Selling For Top Dollar

  Mobile Listings

Search Anywhere Always

  Here To Help You

You Can Contact Me Always

 
Back to Blog

Canadian retail sales increased a slight 0.2 per cent in November, the fifth consecutive monthly increase. However sales were higher in just 4 of 11 retail sub-sectors, representing only 32 per cent of all retail trade. In volume terms, retail sales were actually higher than in dollar terms, up 0.8 per cent, likely due to holiday sales discounts.

Retail sales in British Columbia were up 0.3 per cent in November but were 0.8 per cent lower year-over-year. BC consumers, perhaps feeling the weight of elevated household debt burdens, were not in the mood to spend in 2012. Through November, BC retail sales were up just 2.4 per cent, an even slower pace of sales than 2011's already weak 3 per cent growth. We anticipate that this weakness will continue into the first half of 2013 before growing employment and better overall economic conditions spur the economy in the second half of the year and into 2014.

For more information, please contact:

Cameron Muir Brendon Ogmundson
Chief Economist Economist
Direct: 604.742.2780 Direct: 604.742.2796
Mobile: 778.229.1884 Mobile: 604.505.6793
Email: cmuir@bcrea.bc.ca Email: bogmundson@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). 

 “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information. 

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above: