IKEA Canada lowers prices again to help tackle affordability crisis

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For Vancouver Islanders, hopping on a BC Ferry is more than just a way to get to the mainland—it’s a part of the adventure.

With IKEA Canada’s latest announcement of price drops on hundreds of products, Victorians have one more reason to make a voyage across the Salish Sea to visit the iconic Swedish retailer.

IKEA Canada has committed an additional $50 million to lower prices on over 550 products, bringing affordability to the forefront for Canadians looking to spruce up their homes without stretching their budgets.

“We know Canadians are being extra cautious about spending, and we want to support them by delivering incredible value across our range,” said Selwyn Crittendon, CEO and Chief Sustainability Officer at IKEA Canada.

This move comes on the heels of last year’s $80 million investment that reduced prices on more than 1,500 items. Now, with new savings to kick off 2025, Islanders can upgrade their spaces with IKEA’s well-designed, budget-friendly pieces.

Some of the most tempting price cuts include:

  • BRIMNES chest of 3 drawers: now $199, down from $249
  • VESTERÖY hybrid mattress (Queen): now $399, down from $499
  • FRÖSET easy chair: now $99, down from $119
  • FÄRGKLAR 18-piece dinnerware set: now $39.99, down from $49.99
  • VARDAGEN 4-pack 15-ounce glasses: now $9.99, down from $11.99

And for those dreaming of a kitchen makeover, IKEA kitchens are now priced 25% lower than a year ago—making it even easier to refresh the heart of your home.

IKEA first made the move last year after a recent report from the company found that 45% of Canadians state that their household finances and disposable income are a top concern, while 37% express concern about the state of the country’s economy.

“Clever advertising creative that reinforces the brand’s commitment to help Canadians find well-designed, affordable solutions that also help them to enjoy a better everyday life at home, begins to land on broadcast, out-of-home, digital and social media nationally from January to April 2025,” the company said.

For those looking for an extra way to spread out the budget, IKEA launched a financial services last year to make home furnishings more accessible for Canadians, offering flexible payment options like Afterpay for interest-free installments and PayPlan by RBC.

In April 2024, IKEA also gained praise for petitioning the government to end taxes on used items, further supporting Canadians amid the cost-of-living crisis.

All reduced-price items are listed online here.

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Victoria Buzz Staff
Your inside source for Greater Victoria happenings. Established in 2012.
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