victoria BUSINESS NEWS

Canada Challenges U.S. Softwood Lumber Duties

CANADA - Canada’s federal government has announced it will be filing a challenge of the United States’ recent decision to impose duty on Canadian softwood lumber. Mary Ng, Minister of International...

Record Sale For Sooke Luxury Condominium

Capital Region Commercial Real Estate Report Sponsored by     REGIONAL One of the Capital’s largest developers of new housing has received a coveted honour from the Victoria Residential...

Gratitude While Grappling With Constant Change

WEST SHORE - When I sit down to write at this time of the year, I often find myself turning to thoughts of gratitude. And while this year is no different, I also find myself thinking “what a year.”...

CPABC: November 2021 Shows Exports At Record High

BRITISH COLUMBIA - EMPLOYMENT While BC’s unemployment rate remains well above the 4.6 per cent set in January 2020, it has decreased considerably from 8.0 per cent in January 2021, and 13.4 per cent...

Chamber Advocacy Focused On The Future

GREATER VICTORIA - Instead of looking back on 2021, let’s choose to focus on what’s ahead in 2022. The new year is a time for hope and a chance to reenergize and prepare for the year ahead. If we’ve...

Two New Ale Trails Featuring Northeast & Northwest BC

BRITISH COLUMBIA – BC Ale Trail has made it easier for beer lovers to explore the far reaches of the province, with the launch of two new Ale Trails: Northeast BC and Northwest BC. Previously known...

City Of Victoria Wins Short-Term Rental Court Cases

VICTORIA - Illegal short-term rental operators are learning the hard way that the City of Victoria is actively enforcing its short-term rental policy. Four recent court cases against illegal...

BCREA: BC Housing Starts Up in November

BRITISH COLUMBIA - Canadian housing starts rose to 301.3k units in November, reversing 5 months of consecutive declines. Housing starts were up by 62.9k (26.4 per cent m/m) in November at a...

Victoria Real Estate Market Shows No Change

VICTORIA - A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent fewer than the...

Home Sales Set Record For November

BRITISH COLUMBIA – The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a...

Voice Of Business Tax Alliance Needs To Be Heeded

BRITISH COLUMBIA - Every once in awhile a good idea comes forth that business owners can applaud. The latest is the newly formed Business Tax Alliance, which represents over 10,000 commercial...