On May 28th-29th, for the second year running delegates from chambers and boards of trade across the province stayed in their home communities and met virtually for the BC Chamber of Commerce 69th...
victoria BUSINESS NEWS
Up, Up And Away With These Business ‘Pivot Pilots’
GREATER VICTORIA - One of the silver linings of being CEO of The Chamber during a pandemic is having a front-row seat to innovation. The conversations I’ve had with hundreds of businesses over the...
United Way Greater Victoria Supports Residents On Southern Vancouver Island
VICTORIA - United Way Greater Victoria raised $6.2 million and supported 125,000 residents across Southern Vancouver Island over this past year as United Ways across Canada played a critical role in...
Canadian Housing Starts Trended Slightly Higher In May
BRITISH COLUMBIA - The trend in housing starts was 280,779 units in May 2021, up slightly from 278,462 units in April 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend...
New Homes Under Construction In Sooke
SOOKE - Construction is underway on a new affordable rental housing project that will provide 170 homes for a wide range of people with varying incomes in Sooke. Located at 2075 Drennan St. and 6418...
CPABC: CMHC Says Annual Pace Of Housing Starts Rose 3.2 Per Cent In May
BRITISH COLUMBIA – According to BC Check-Up: Live, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on demographic and affordability trends across the...
BC To Support Temporary Patios Going Permanent
VICTORIA - More than 2,000 temporary patios authorized to serve liquor during the COVID-19 pandemic can apply to become permanent under amended provincial liquor regulations. This includes...
Salt Spring Company Collaborates With Ottawa Airport
British Columbia’s Indro Robotics Collaborates With YOW On Pioneering Drone Detection Pilot Program SALT SPRING ISLAND - A collaboration of technology companies is leading a pioneering drone...
BC Prepares To Safely Move To Step 2
BRITISH COLUMBIA - Beginning on Tuesday, June 15, 2021, British Columbia will take the next step in safely bringing people back together, transitioning into Step 2 of BC’s Restart plan, including...
Victoria’s Unwavering Demand Reinforces Need To Support Supply Of Homes
VICTORIA - The Victoria market continued to show its strength through the month of May, with a near record setting pace for sales and ongoing record low inventory levels. A total of 1,049 properties...
BCREA: Strong Demand, Dwindling Supply for BC Housing Markets
BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that a total of 12,638 residential unit sales were recorded by the Multiple Listing Service (MLS) in May 2021, an...
Orca Masonry Earns Business Of The Year Honour
Company Started In 2019 Captures 11-39 Employee Category VICTORIA – Orca Masonry is helping build Greater Victoria, brick by brick and stone by stone. In recognition of that, the Greater Victoria...
BCREA: Bank Of Canada Interest Rate Announcement
BRITISH COLUMBIA - The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary...
New Housing and Neighbourhood Community Centre Proposed for Victoria
VICTORIA - The City of Victoria is collaborating with the Province, through BC Housing and the Capital Region Housing Corporation (CRHC) to build 220 new non-market rental homes and create a new...
CFIB: Sharply Rising Business Logistics Worries Could Soon Mean Higher Prices
BRITISH COLUMBIA – Supply chain delays and interruptions are increasingly impacting small business operations and will result in higher prices, warns the Canadian Federation of Independent Business...
Victoria’s Urban Forest is Growing
VICTORIA - New research shows Victoria’s urban forest grew between 2013 and 2019. Analysis of Light Detection and Ranging (LiDAR) data shows vegetation canopy increased by 45 hectares, which is...