GREATER VICTORIA BUSINESS NEWS

Inflation Runs Ahead Of Target Rate

BRITISH COLUMBIA - Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.8 per cent on a year-over-year basis in December, up from 4.7 per cent in November. On a month-over-month...

$3 Million Grant For Indigenous BC Tourism Operators

Applications Have Opened For Relief Grants Up To $20,000 Supporting Indigenous Tourism Operators BRITISH COLUMBIA - Indigenous Tourism BC (ITBC), in partnership with the Ministry of Tourism, Arts,...

Langford Wants Concrete With Less Carbon Emissions

LANGFORD – Want to build in Langford? Be prepared to use concrete designed to reduce carbon emissions. Starting June 1, 2022, for any projects that use more than 50 cubic metres of concrete must use...

Why Canadians Resist Health Care Reforms

OTTAWA - Despite evidence to the contrary, many Canadians still cling to the myth that our health care system is among the world’s fairest and most effective. However, with the COVID-19 pandemic...

Record Number of New Homes Registered

VICTORIA – A total of 53,189 new homes were registered in BC in 2021, the highest annual total since BC Housing began collecting the data in 2002. Registered new homes is data that is collected...

Starlight Buys Washington Ave. Apartments

VICTORIA – Starlight Investments has acquired a 22-unit apartment building at 2902 Washington Avenue in Victoria. “We are pleased to further expand our presence in this vibrant and stable market,”...

Canadian Property Supply Hits All Time Low 

Canadian Home Buyers Face Record Listings Shortage To Begin 2022  OTTAWA - Statistics released by the Canadian Real Estate Association (CREA) show national home sales remained historically high...

BC Drops To Second in U-Haul Growth Index

BRITISH COLUMBIA – British Columbia dropped to second spot in the U-Haul Growth Index in 2021 behind Alberta, dropping one position from leading the provinces in 2020. Alberta posted a 33 per cent...

Shaw Announces First Quarter Growth

VICTORIA – Shaw Communications Inc. released its financial results for the first quarter of fiscal 2022 that shows free cash flow increasing to $236 million and EBITDA growth of 4.3 percent. On a...

COVID Panic Leads to $50M Loss Of Airport Revenue

VICTORIA – Almost $50 million in revenue was lost over 2020 and 2021 during the COVID-19 Panic at the Victoria Airport, the Victoria Airport Authority’s Board of Directors has reported. Their report...

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