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Message From The Editor Will "Wealth Effect" Go Into Reverse This Year?
I have not seen any specific numerical value to express "wealth effect" but there is no doubt that as the value of people’s real estate has risen, there is a "wealth effect" that spurs on consumer spending. When a family has bought a summer property for "X" and then discovers that it is now worth "X times 15% for example", buying a nice new boat seems like a very reasonable thing to do. But what if interest rates are rising, mortgage renewals are at significantly higher rates and at the same time, the global economic picture is looking far less rosy?
A recent online article in the Globe & Mail, stated that since the onset of the pandemic, when cottage prices jumped and then dropped by more than 30 per cent in some areas, a wave of mortgage renewals could now force vacation property owners to sell, bringing prices down. A recent Royal LePage report found that the median price of a single-family waterfront home dropped by 5.2 per cent to $717,600 in 2025. (READ MORE)
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Feature
Boating Industry Canada Employer of Choice Program Celebrates its 10th Anniversary  A Milestone in Canadian Marine Leadership! This year marks the 10th anniversary of the Boating Industry Canada Employer of Choice (BICEOC) Award Program—a program that has become a national benchmark for recognizing dealership excellence in people management, culture, and leadership. READ MORE |
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Changing Scene
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ABYC - Aquatic Invasive Species: Industry Actions and the Path Forward
When the ABYC Aquatic Invasive Species (AIS) Project Technical Committee met to review ABYC T‑32, Design and Construction in Consideration of Aquatic Invasive Species, one question from the resource management community rose quickly to the forefront: What specific steps have manufacturers taken to reduce the risk of transporting AIS through boat and equipment design? READ MORE |
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New Canadian Cruising Organization Launches to Showcase 3,000 km Great Canadian Loop
Gary J. Brickell, founder and commodore, announces the launch of The Great Canadian Loop Association (GCLA), a grassroots boating group created to inspire owners of vessels from 20′ cuddy cabins to 50′ yachts to untie from their marinas and explore an epic 3,000 km freshwater cruising route around the Great Lakes and adjacent waterways. READ MORE |
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Events
Advanced Textiles Expo is Heading Back to Orlando  The hotel block is open, start planning your trip today. Advanced Textiles Expo® is returning to Orlando, FL, Nov. 3–5, 2026 at the Orange County Convention Center. Join the industry for three days of networking, sourcing, and seeing the latest innovations all in one place.The official hotel block is now open, so it’s the perfect time to plan your trip. READ MORE |
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Education
NMEA 2000 and OneNet VIRTUAL / LIVE Software Developer Workshops June 2026  NMEA is inviting software developers and programmers from around the world to attend these virtual / live training sessions on NMEA interface standards. NMEA will use GoToWebinar for delivering these courses. Please register soon as class size is limited and expected to sell out. READ MORE |
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Research
Canadian National Pleasure Craft licensing statistics by province for the month of March 2026  The following charts gives the Canadian pleasure craft licensing statistics for the month of March 2026. READ MORE |
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Product Focus
Dometic Launches the Unrestricted Small Backpack.  For those with smaller craft who need cold beverages and food for their adventures, there is the new Unrestricted Small Backpack. Redefining compact cooling with a daily‑ready pack that expands Dometic’s new Unrestricted cooler-carry all line. "Unrestricted was designed to flex with the rhythm of modern life — and the new small sized backpack... READ MORE |
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Just Launched
The Quietest Vessel Ever Unveiled: Candela P-12 Business Sets A New Standard For Premium Water Travel  Electric vessel builder Candela has just launched what is likely the quietest form of high-speed water travel in history. Flying above the waves and insulated from both motion and noise, the Candela P-12 Business creates a cushioned, elevated lounge experience where seasickness becomes a thing of the past. The result? Premium travel, re-engineered. READ MORE |
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Calendar
The Boating Industry Canada News Week Digest calendar helps you plan ahead for the greatest personal benefit by attending events such as Distributor Shows, Industry Conferences, and of course, Boat Shows.
Check the Calendar for the latest Event Listings and their websites for details. |
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