victoria BUSINESS NEWS

Mayor Young Explains Success Of Langford

 Stew Young has been Mayor of the City of Langford, population 50,000, since 1993, leading the municipality to become one of the most business friendly and highest growth regions on Vancouver...

Goal Remains The Same For Chambers Across BC

GREATER VICTORIA - The end of summer has brought renewed concern over COVID numbers and new challenges for organizations. When the provincial government announced on Aug. 23 it was bringing in a...

Devencore Transforms To Avison Young

Victoria Real Estate Firm Adds National Affiliation VICTORIA – Familiar faces in the Greater Victoria real estate market are now flying under a new banner. Devencore Realty Victoria Ltd. has...

BCREA: BC Housing Starts Decline In August

Still High By Historical Standards BRITISH COLUMBIA - Canadian housing starts declined for the third consecutive month in August, but remain elevated by historical standards. Housing starts...

WorksafeBC Wants To Right Its Wrong

Ombudsperson Calls For Changes To Permit WorksafeBC To Voluntarily Make Payments For Its Own Errors BRITISH COLUMBIA – The Ombudsperson is calling on the province to fix a rarely occurring but...

BCREA: Canadian Inflation August 2021

BRITISH COLUMBIA - Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.1 per cent on a year-over-year basis in August, rising at the fastest rate since 2003. This rise was mostly...

MNP Digital: Technology Service Offering

BRITISH COLUMBIA - MNP announced that their Technology Solutions service has been re-branded as MNP Digital. This is the latest step in their ongoing commitment to help organizations navigate...

Sales Normalize But Record Low Inventory

BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that a total 9,507 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2021, a...

BC Ferries’ Ferry Prepares For Final Leg Of Journey

VICTORIA – BC Ferries’ newest hybrid electric ship transited the Panama Canal over the weekend and is now preparing for its trip home to British Columbia. Island 5, as it is temporarily named,...

BCREA: August Canadian Employment Report

BRITISH COLUMBIA - Canadian employment grew for the third consecutive month in August, rising by 90,000 to 18.97 million (0.5 per cent, m/m). Most Canadian jurisdictions had fully implemented public...

BC Rent Increase Capped At 1.5 Per Cent For 2022

BRITISH COLUMBIA – BC’s maximum allowable rent increase amount for 2022 is being set at 1.5 per cent, based on inflation. This increase cannot take effect prior to Jan. 1, 2022. If landlords choose...