Cory O'Brien

Cell (604) 868-5860 | info@coryo.ca

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Retail Sales in BC

Recent news from BCREA Economics Now says that Canadian retail sales rose for the second consecutive month, advancing 0.8 per cent in February. Higher sales were reported in 7 of the 11 retail sub-sectors. However, inflation adjusted sales were flat. Even with a relatively strong start to the year for the retail sector, we are still tracking first quarter real GDP growth in the Canadian economy at around 1.5 per cent

 

Retail sales in BC diverged from the national trend, falling 0.3 per cent on a monthly basis and declining 1 per cent year-over-year. We anticipate that BC retail sales will post below average growth in 2013, perhaps around 3 per cent but with some risk to the downside.

 

If you would like more information on the Real Estate market in your area please feel free to contact me.  I can provide you with an online market evaluation for your home or set you up to receive home listings in the area that you are interested in.  Just send me a quick email.  I am always happy to help!

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