OTTAWA - The top 20 per cent of income-earning families pay more than half (54.2 per cent) of total taxes including personal income, sales and property taxes, according to a new study published by...
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victoria BUSINESS NEWS
WORLD’S LARGEST HOCKEY STICK TO BE REMOVED
DUNCAN – The World’s Largest Hockey Stick (WLHS) has reached the end of its serviceable life. First constructed for Expo 1986 in Vancouver, then brought to the Island and affixed to the Cowichan...
CFIB: SMALL BUSINESSES EXPECT TO INCREASE PRICES THIS YEAR
OTTAWA - Small businesses expect to increase prices by an average of 2.5% over the next 12 months, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer®....
NEW TOOLS HELP CREATE MORE HOUSING IN SAANICH
SAANICH – After many months of hard work, the District of Saanich has updated zoning and policy to align with the Province’s Small-Scale Multi-Unit Housing (SSMUH) legislation, successfully meeting...
MORE SUPPORTIVE HOUSING COMING TO VICTORIA
VICTORIA – More supportive housing units will be opening in Victoria with a new five-storey building at 953 Balmoral Rd. The Lily has 56 studio apartments as well as a commercial kitchen, amenity...
JUNE 2024 CAPITAL REGION COMMERCIAL REAL ESTATE REPORT
Sponsored By By Mike Kozakowski of Citified.ca ESQUIMALT Vancouver-based Intracorp Projects has submitted a rezoning application to the Township of Esquimalt, that if approved and...
MOVERS & SHAKERS VICTORIA FOR JULY 2, 2024
News Impacting Southern Vancouver Island Business VICTORIA Navid Sariolghalam has joined the Inn at Laurel Point team as General Manager and Managing Director. With more than 40 years of experience...
SNUNEYMUXW FIRST NATION BUYS CASINO NANAIMO
NANAIMO – Petroglyph Development Group Ltd., a wholly owned corporation of Snuneymuxw First Nation, has purchased the downtown Casino Nanaimo from gaming and hospitality company Great Canadian...
TRIO OF COMPANIES PURCHASES DURWEST CONSTRUCTION MANAGEMENT
By Mark MacDonald VICTORIA – Durwest Construction Management Inc. will be building for the future under new ownership. An umbrella of companies came together to purchase Durwest: RAM Consulting...
OPINION: THINGS GET SLIMY AS HOLLYWOOD GIVES THE FINGER TO FISH FARMS
VANCOUVER ISLAND - “F-off” fish farms! Are these the words of reconciliation...really? It would seem actor William Shatner thinks so as he screams profanity and directs a middle finger in a YouTube...
REMEDY ECO DESIGN: LEADING SUSTAINABLE DESIGN IN COWICHAN
COWICHAN VALLEY - Remedy Eco Design is making strides in sustainable agriculture and ecological design in Cowichan through innovative techniques aimed at enhancing the natural ecosystem while...
NELLIE MCCLUNG HOUSING AND LIBRARY PROJECT MOVES FORWARD
SAANICH – The District of Saanich (District) has begun the process to replace the Nellie McClung Branch of the Greater Victoria Public Library (GVPL) located at 3950 Cedar Hill Road, by partnering...
CFIB: HALF OF SMALL FIRMS NEGATIVELY AFFECTED BY CAPITAL GAINS INCLUSION RATE HIKE
OTTAWA - Half of Canada’s small business owners will be hit by the new 66.7% inclusion rate hike coming into effect on June 25, warns the Canadian Federation of Independent Business (CFIB). Despite...
BCREA: MAY 2024 CANADIAN INFLATION
BRITISH COLUMBIA - Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.9 per cent on a year-over-year basis in May, up from a 2.7 per cent increase in April. Month-over-month, on...
BCREA: MORTGAGE RATE FORECAST
Mortgage Rate Outlook BRITISH COLUMBIA - Now that the Bank of Canada is lowering its policy rate, there is some expectation that fixed mortgage rates should also fall. However, the impact on fixed...
MOVERS & SHAKERS VICTORIA FOR JUNE 25, 2024
News Impacting Southern Vancouver Island Business VICTORIA Bruce Williams is celebrating four-year anniversary as CEO of the Greater Victoria Chamber of Commerce. Roger Lee was honoured with...