Impact of the Second-Hand Economy

It can be buying a gently used TV or donating baby clothes to a new mom. It might be selling your couch or trading camera equipment with a friend. Any time you sell, swap, buy or donate a used item, you’re a part of the second-hand economy.

 

We know Canadians rely on us when it comes to second-hand needs, so each year we team up with some very smart people to study just how much the second-hand economy impacts all of us.

85%

of Canadians participated in the second-hand economy last year – this likely includes you and your neighbours too!

Canadians earned an average of

$1,134

per year
through
selling

...and saved an average of

$825

per year through buying in the second-hand economy

Canadians spent:

$28.5 billion

in the second-hand economy last year.

that's equal to:

570,000

new BMW 3 series

$28.5 billion

in the second-hand economy last year.

that's equal to:

13,320,610

avg. household electrical payments

$28.5 billion

in the second-hand economy last year.

that's equal to:

20,000,000

new iPhone Xs

$28.5 billion

in the second-hand economy last year.

that's equal to:

2,416,706,825

sushi burritos

Check out how to make the second-hand economy work for you:

Here’s some more second-hand knowledge!

Second-Hand Economy

Tips for Buying and Selling Gift Cards

When you think of the kinds of items you’d buy in the second-hand economy, you probably picture purchasing popular items, like gently worn clothing, used…

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Read even more stories about how everyday people use the second-hand economy.

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Where do you fit in the second-hand economy?

  • Spending by region
$8.5B
$2.6B
$10.3B
$4.9B
$2.2B
The West
  • The West
  • Prairies
  • Ontario
  • Quebec
  • Atlantic Canada

Last year, 99% of Albertans and British Columbians participated in the second-hand economy in some way.

Big spenders in the second-hand economy, to the tune of an average $1,104 per person, more than $150 ahead of the rest of Canada.

Canada’s most populous province reigned supreme as the most active in 2017, exchanging 92 items per person on average.

Big-time savings for Quebecers, with an average of $1,149 back in your pockets through second-hand buys.

With the lowest average number of items exchanged, it’s time to step up your second-hand game! Good news is your savings were among the highest in Canada in 2017.

Why take part in the second-hand economy?

Swipe
Swipe

Earn

make a little extra on the side

Green

help protect the environment

Declutter

get rid of things or save space

Give

help others and give opportunities

Why give?

Why get?

Save

find deals to save money

Treasure hunt

search for unique & valuable items

Green

help protect the environment

Craft

repair or create something new

Want to learn more about the second-hand economy?
Download our full report below.

Download the 2018 Index Report

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