Greater Vancouver Retail Sales Announcement - February 2023

Canadian Retail Sales (February 2023)

Canadian seasonally adjusted retail sales fell 0.2 per cent in February to $66.3 billion. Sales fell in 4 of 9 subsectors, but the decrease was led by lower sales at gasoline stations and fuel vendors (-5.0 per cent) and general merchandise retailers (-1.6 per cent). Core retail sales, which strips out gasoline and motor vehicle and parts dealers, rose 0.1 per cent. In volume terms, sales fell 0.7 per cent in January.

In BC, seasonally adjusted sales fell 3.3 per cent in February. Compared to the same month last year, retail sales were down 0.3 per cent in the province. In the Greater Vancouver region, sales were down 4.4 per cent month-over-month and 2.4 per cent year-over-year. 

Source - BCREA