After a grim 2020, where lockdowns led to a drop in retail spending nationwide, 2021 rebounded strongly with decade-high growth; retail sales are forecasted to be up 12.9% from the prior year, and overall sales reached record highs in nominal terms. While certain segments of the economy have seen decreased spending, growth was especially strong in home-related areas such as furniture, garden supplies and pets.
The labour market has been a surprising positive, with Canada exceeding the U.S. in job growth during the pandemic. While overall employment in the U.S. still lags after two years, Canada has more employed people and a lower unemployment rate than before the start of restrictions. Job growth was very uneven, with strong growth in professional services, government and technology, while sectors such as hospitality and food/beverage continue to be hit very hard. The low unemployment rate, combined with growth in high-income professions, has created a positive environment for retail spending.
Canada Retail MarketBeat
Kristina Bowman • 2/16/2022

Entrevue avec Mr Sunshine
La pandémie mondiale de COVID-19 a eu diverses répercussions sur les investisseurs et les occupants d’immeubles commerciaux. Luciano D’Iorio a récemment eu l’occasion de s’entretenir avec Vincenzo Guzzo, le président et chef de la direction de Cinémas Guzzo – ou « Mr Sunshine » de l’émission « Dragon’s Den » de la CBC – pour obtenir son point de vue sur l’industrie immobilière, l’impact qu’elle a eu sur ses entreprises et sa vision de l’avenir.
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