Second-Hand Economy 101
Thanks to you, the second-hand economy is growing in Canada. Find out how it impacts you.
Whenever a used item is bought, sold, swapped, or donated, that contributes to what’s called the second-hand economy. This could be through family and friends, charities, or using online buy-and-sell sites such as Kijiji, which is one of the top resources for Canadians in the second-hand economy.
Canadians exchanged 1.9 billion items in 2016, including items such as cars, baby clothes, furniture, art, and much more. That’s an average of 78 products per person that were granted a second life last year alone!
The second-hand economy grew by $1 billion between 2015 and 2016, coming to a total value of $29 billion – larger than the country’s agriculture, forestry, hunting and fishing sectors combined.
What It Means for You
For starters, people selling used goods earned an average of $1,037, and those seeking out second-hand items saved $843. This money is put towards everything from groceries to concert tickets, and can help feed your hobbies and passions.
On top of that, finding new homes for still-useful items is environmentally mindful, and saves over a billion products from going into landfills each year.
There are countless ways to take part in the second-hand economy that will make a lasting difference in you and your family’s daily life. Browsing and posting ads on Kijiji for items you love as a means of earning or saving some extra cash can be something you feel good about knowing you make a difference in the bigger picture.
Check back here and follow us on social for great tips on how second-hand exchanges can help you fund that summer vacation, clear your debt, buy that hockey equipment your son is looking for, or source the perfect holiday gift. The opportunities are endless.
Learn How to Get Involved in the Second-Hand Economy!
If you’ve bought or sold used items, swapped, or donated, you’re already an active contributor!