June 21, 2022

Andy Adams 2018 Edited 400Things have certainly been difficult for Canada’s boating industry lately with unprecedented demand, but severe product shortages and now the apparent certainty of the new luxury tax and the fresh headwinds of record high inflation is being countered by the government quickly raising interest rates.

With so much uncertainty, marinas and dealers have a major challenge to plan product orders and inventory levels, especially given the continued supply chain problems. We just learned that Scotland’s Boat Show 2022, which was due to take place this October, has been cancelled and their 2021 event was also cancelled. 

A post on the event’s Facebook page states: ‘Along with the rest of the country, Scotland’s Boat Show has been subject to rapidly increasing infrastructure costs, some of which have more than doubled, together with a critical shortage of boats available for sale, both new and pre-owned. Given these unfortunate circumstances we have had to take the decision to cancel Scotland’s Boat Show 2022.’

There is a possibility of holding a smaller alternative event but that is yet to be announced.

What will happen in Canada as we think ahead to our shows and what products and inventory levels will be best?

Higher interest rates are not always a problem – some buyers will benefit greatly from that in their investments. New taxes are never welcome but life goes on and if we consider the big demographic changes taking place in Canada, it may make sense to stock up while we can.

Real estate will still be a major support to the growing numbers of baby boom Canadians as they continue to sell out of expensive city properties for a lake-side retirement. A boat would surely be a part of the plan and if big ones are hit with punitive taxes, I bet some buyers will buy something that’s priced below that threshold. The product shortages may be supportive of buyer flexibility.

We are just coming off a near-perfect summer weekend in many parts of Canada. Great weather always gets people dreaming of the water. So, it may take a lot of courage but plan to make hay while the sun shines this summer. I think there will still be good times ahead.

Andy Adams – Editor

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Nominate Your Boating Heroes Today - CANADIAN SAFE BOATING AWARDS

 

Be #WakeAware

The Canadian Safe Boating Council wants to acknowledge these heroes and showcase their commitment to safe boating. The CANADIAN SAFE BOATING AWARDS, usually called the CASBAs, honours the people, programs, and organizations that help to make boating in Canada safer and better for all of us.

Who are these heroes?

They could be a family or individual who saves a life; a boating safety advocate, a volunteer or teacher whose passion for boating engages people and influences boating safety...

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Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

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Shurhold Snap and Zipper LubricantWords of exasperation wafting across a marina often signal a boat owner fighting with a jammed zipper or snap that won't catch. This frustrating situation is simple to avoid by using Snap Stick from Shurhold. Made in the USA, the easy-to-apply lubricant keeps marine fittings working smoothly for up to three months and reduces stress levels around the docks.

A unique, wax-like formula, Snap Stick lubricates and protects plastic and metal snaps, zippers, hinges and other small hardware from the effects of harsh marine environment exposure. Unscented, non-toxic and biodegradable, it won't harm fabrics and other boat surfaces. Non-soluble, it doesn't rinse off when exposed to rain and spray, or boat washing. 

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People

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