'People want to save money': Popularity of consignment and thrift stores growing as cost of living climbs
If you find your dollar isn't going as far as it once did, you are not alone. That means more people are turning to consignment and thrift stores to save a buck.
At A to Z Kids, a consignment store in Langford, business is booming. Raising kids is not cheap, especially when you are trying to outfit your life to care for a newborn.
“People want to save money for sure with increased costs of living, rent and groceries,” said Heidi Pitts, the store’s owner.
As a general rule, Pitts prices her items for about half of what the product would cost new. She says traffic in her store has increased this year by roughly 20 per cent. It’s not just people needing to save money, she has also seen an increase in people that are feeling looking to make some extra income.
“This is a way for them to be able to sell their items and get money back for their kids, to buy other things,” said Pitts.
“Prices are on the march, no doubt about it,” said Dr. Mark Colgate, professor of business with the University of Victoria.
Colgate says B.C.’s inflation rate is sitting at around four percent. That’s higher than we’ve seen in the last 20 to 30 years.
He says there is a number of factors contributing to that high inflation rate.
Grocery costs have increased. Housing prices have skyrocketed and energy costs have risen.
“When basic items cost more, like food, gas and shelter, then you’re going to have to cut money on other things,” said Colgate.
Kate Charlebois is the marketing design and partnership co-ordinator at Victoria Women in Need Community Co-operative (WIN).
“Our gift certificate program in particular has seen a 40 per cent increase in the number of program participants,” said Charlebois.
That program allows women and trans, non-binary and two spirit people in need to shop freely in the store. Shoppers use gift certificates provided by WIN, with money raised through the store’s retail sales and donors.
“We’re seeing an increase need in people being able to access goods, such as warm clothing for wintertime, as well as housewares to furnish their homes,” said Charlebois.
Charlbois says in 2021, WIN helped 2,002 program participants in their journey to wellness and self-sufficiency.
Colgate expects prices to continue to rise over the next couple of years, but does expect the inflation rate to come back down to a more familiar 2 per cent by 2024.
CTVNews.ca Top Stories
Lifeline for woman with disabilities approved for medically assisted death after 'mind-blowing, inspiring' support
A 31-year-old disabled Toronto woman who was conditionally approved for a medically assisted death after a fruitless bid for safe housing says her life has been 'changed' by an outpouring of support after telling her story.
The police official blamed for not sending officers in more quickly to stop the Uvalde, Texas, school shooting is the chief of the school system's small police force, a unit dedicated ordinarily to building relationships with students and responding to the occasional fight.
Fifty-eight-year-old Vivian Ketchum is set to receive her high school diploma at a graduation ceremony at the University of Winnipeg next month. It is a moment that is decades in the making.
The World Economic Forum’s annual meeting in Davos was met with justifiable criticisms and unfounded conspiracy theories.
Federal Conservative leadership candidate Patrick Brown says calling social conservatives 'dinosaurs' in a book he wrote about his time in Ontario politics was 'the wrong terminology.'
Speakers at the National Rifle Association annual meeting assailed a Chicago gun ban that doesn't exist, ignored security upgrades at the Texas school where children were slaughtered and roundly distorted national gun and crime statistics as they pushed back against any tightening of gun laws.
An 11-year-old survivor of the Robb Elementary School massacre in Uvalde, Texas, feared the gunman would come back for her so she smeared herself in her friend's blood and played dead.
The Supreme Court of Canada’s ruling allowing the Quebec City mosque shooter to be eligible for parole after 25 years is raising concern for more than a dozen similar cases.
Transport Minister Omar Alghabra says the federal government is working with groups on the ground to resolve air travel 'bottlenecks' in time for a busy summer.
A B.C. mom with a rare, debilitating illness has spent years trying to get the help she needs. Now she's considering medical assistance in dying.
The number of COVID-19 patients in B.C. hospitals hit its lowest point in more than a month this week, and the decline was driven largely by regions outside the Lower Mainland.
Researchers working in partnership with UBC believe an eco-friendly material could help solve the world’s plastic pollution problem.
A hotly-controversial decision on whether or not to freeze base funding for police in Edmonton was delayed Friday as fallout from a dispute between the mayor and the provincial justice minister continued to rattle political circles.
A 19-year-old man is in police custody after a shooting near Rogers Place after an Edmonton Oilers viewing party ended Thursday evening.
A shelter many expected to remain open until the end of June in Wetaskiwin, Alta., will close a month early.
WATCH | New video appears to show man carrying air rifle on Toronto streets before being killed by police
A man shot dead by police officers near a Toronto elementary school on Thursday afternoon appears to have been captured on home security footage carrying an air rifle moments before the incident.
A 21-year-old Toronto man is facing a slew of charges following a suspected hate-motivated incident at a Jewish school in North York.
Toronto Pearson International is warning travellers and Mississauga residents they may notice unusual activity at the airport this weekend.
A southern Alberta man who killed three people, including a two-year-old girl, could have the ability to request a release from jail earlier than his original sentence intended, thanks to a landmark Supreme Court decision Friday.
Calgary Flames fans are still coming to terms with a playoff series loss to the Edmonton Oilers Thursday night in a game that saw both controversy and heartbreak following a Connor McDavid overtime goal.
Western Canada's premiers want to reform their health-care systems by expanding services but they say Ottawa first needs to pick up the phone.
Is it unconstitutional to make someone pay to get a legal document translated into French? One of Montreal's top lawyers thinks so, and pointed out two other things from Bill 96 that he thinks the courts would most easily find fault with.
Canada's highest court has ruled that Alexandre Bissonnette, who murdered six people at the Quebec City mosque in 2017, will be eligible for parole after 25 years.
Quebec says it is ready to vaccinate people who have come into close contact with monkeypox as soon as Friday.
A Cape Breton father is warning the public of the dangers in the area he lives after his teenager son fell nearly 40 feet over a cliff in Glace Bay.
A lawyer for families of victims killed in the Nova Scotia mass shooting says an 18-hour delay in finding five bodies of those murdered is a sign of "deficient" policing.
The lawyer who represented a man who murdered three RCMP officers nearly eight years ago in Moncton, N.B., said a decision made by the Supreme Court of Canada Friday may potentially change his sentence.
Pembina Trails School Division is confirming to CTV News that a group of students found a body during community cleanup at Ècole South Pointe School.
Winnipeg police are telling people to find an alternate route this afternoon as they are investigating a fatal crash near the St. Boniface Industrial Park.
'It's one way to be creative': Winnipeg student wants to be a bartender when older; school doesn't like comment in yearbook
Bartender. That is what one Grade 4 student said for the yearbook when asked what he wanted to be when he grows up, an answer the school is asking him to change.
A man, who was a referee at high school volleyball games in Guelph for more than 30 years, is facing sex assault-related charges.
The Region of Waterloo says there's a high safety risk at a Kitchener encampment and they are working with residents to prepare them for their eventual move.
Two low-cost airlines are butting heads over an agreement at the Region of Waterloo International Airport. Swoop wants to offer flights but the airport already has an exclusivity deal with rival Flair Airlines
Cyber security attacks happen every day, and as Regina Public Schools division discovered this week, no one is safe.
'Very upset': Senior housing residents plead for Sask. Housing Corporation to rebuild after winter fire
Former residents of a Carievale seniors housing complex want the Saskatchewan Housing Corporation (SHC) to reconsider its decision to demolish the home.
Premiers from western Canada met to discuss healthcare in their first face-to-face meeting in more than two years in Regina on Friday at the 2022 Western Premiers' Conference.
On the final day of the Paul Sadlon sexual assault trial, the defence called the complainant's allegations "straight out lies" and "not believable at all."
Provincial police are searching for a missing senior who went for a walk with his two dogs on trails behind his home in Springwater Township Thursday afternoon.
An Aurora couple is making plans to buy a house after winning the lottery.
Barrett Ross says his dog Indy suffered a punctured bowel, lost a tooth and had his stomach injured when he was attacked by three other dogs.
The Saskatoon Tribal Council's (STC) temporary downtown shelter has been granted an extension to operate at its present location until April 2023 — but Tribal Chief Mark Arcand hopes to relocate well before then.
A pedestrian injured by a vehicle in Prince Albert has died.
Thursday evening, the Greater Sudbury Chamber of Commerce hosted the 25th annual Bell Business Excellence Awards.
On Friday, there was a walk in Sudbury to remember the remains of 215 residential schoolchildren found in Kamloops, B.C., a year ago May 27.
Staff at the new Sault Metis Centre are getting set for the grand opening Saturday.