Retail spending in Alberta increased in the second quarter by 1.4% from the previous quarter and 0.6% over the same quarter last year. Other major provinces, with the exception of Quebec, have seen flat or declining spending as past interest rate hikes continue to eat into disposable income.
Stable consumer spending in Alberta expands provincial lead in per capita purchases
Province's markets expected to see continued construction of new shopping centres as retail spending increases
By Paul Richter
CoStar Analytics
September 4, 2024 | 10:12 P.M.
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