The second-hand smartphone market in Canada has grown rapidly. It is going strong and sturdy. High demand for affordable and sustainable choices, along with the high cost of new devices, has further contributed to the success of the used phone market in the country. And this growth is roughly 6.5% annually.
Key characteristics of the used phone market in Canada
As more consumers become eco-friendly and seek ways to reduce their carbon footprint, the used phone market has gained prominence. The overall quality of the phones is good, the amount charged is reasonable, and it serves the purpose of the consumers, so what’s not to like?
- High demand and growth: The used phone market in Canada is thriving. In fact, demand for used phones often outpaces that for new models. There is high demand for older models among buyers. They can purchase it at a much lower cost than when it was originally launched. And when the used phone is in good condition, what is the harm in investing in it? So, if you are in the mood to sell used phones Canada, this is the right time to do so.
- Dominance of refurbished devices: Refurbished and certified smartphones are in high demand. Wondering why so? Well, their functionality is 100%, and you get warranties on the devices they sell. Most of them have a 6-month to 1-year warranty. The cost at which you are purchasing the used device in Canada; this warranty period is sufficient.
- Robust trade-in ecosystem: Besides the online portals where you can sell your used phone, most of the major Canadian carriers, like Bell, Rogers, and TELUS, offer strong trade-in programs. In other words, you can exchange your old phone for a new one. Depending on the condition of your phone, they will deduct a certain amount from the cost of the new phone you are purchasing.
- Valuation factors: iPhones generally enjoy a better resale market than Android phones, thereby fetching the seller a good amount. As long as your phone is in good condition, you can rest assured that you will get a good price for the phone. Before you sell phone Canada, make sure to clean it properly. If there are stains in the phone cover, then clean it and place it in the original box along with the charger. And if you have the product’s receipt, it is even better.
- Key trends: There is a growing trend amongst consumers in Canada where they sell their phone every 18–24 months. As such, the phone is in good condition. This has led to a growing interest in purchasing pre-owned phones to reduce e-waste. How cool is that?
Final thoughts
If you want to make the most of this market scenario and sell your old phone, go ahead and check out online platforms right away. You will find all the necessary details on the platform. Make sure to follow all the instructions so you can sell the device at a fair price. There are many who are doing the same.