More Canadians are looking beyond brand-new electronics as refurbished and open-box technology gains popularity across the country.

A study conducted by Best Buy Canada this summer found that 63% of Canadians have purchased refurbished or open-box tech, pointing to a significant shift in consumer behaviour.

The trend reflects growing interest in finding lower-cost alternatives to new smartphones, computers and other electronics, particularly as consumers become more careful about technology spending.

Refurbished devices can also support the broader circular economy, keeping electronics in use for longer and potentially reducing electronic waste.

For Canada's technology retailers, the growing market creates opportunities to offer consumers more choices while addressing concerns around affordability and sustainability.

The development also shows that Canada's technology market is not only being shaped by artificial intelligence and emerging technologies. How Canadians buy, reuse and dispose of everyday electronics is becoming an important part of the country's technology economy.

As refurbished technology becomes more mainstream, consumers are likely to pay increasing attention to device quality, warranties, battery health, repairability and value for money.