TORONTO, July 5, 2017 ― Canada’s retail home improvement market grew at a healthy pace in 2016, amidst Canada’s red hot housing market, low interest rates, and ageing housing stock, all factors driving renovation sales.
The industry overall grew by 2.9% last year and is expected to grow by more than 3% in 2017, according to our latest Hardlines Retail Report.
Along with Home Depot Canada and Lowe’s Canada, two other retail groups, Home Hardware Stores Ltd. and Canadian Tire Retail, make up well over half of all sales by hardware stores and building supply dealers in Canada. These “Top Four” retailers collectively grew their sales at a rate that was almost double the industry average last year, driving more consolidation at the top and ensuring that the big players in this industry continued to get bigger in 2016.
The 2017-2018 Hardlines Retail Report is now available from HARDLINES. With 200 PowerPoint slides, dozens of charts and graphs, and analysis available only from HARDLINES, this study provides full details of the size and growth of the Canadian retail home improvement market. (Click here for more info and to order this amazing research now!)
