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Breaking news for Greater Victoria businesses
Published weekly, BizNews offers information to help Greater Victoria’s business community make sense of our shifting economic and political landscape. The Chamber’s flagship newsletter is distributed to more than 5,000 subscribers who are highly engaged and active in our region’s business community. Scroll down to read the latest.
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Chamber celebrates Small Business Month in October
/in BizNews This Week, Business And Economic Strength, Chamber Awareness/by Jim ZeebenOctober is Small Business Month, presented by Grant Thornton. Throughout the month, the Greater Victoria Chamber of Commerce is celebrating the many businesses we rely on every day to provide essential goods and services, create jobs and support our communities. Grant Thornton continues as our presenting sponsor, helping to bring essential resources and expert advice […]
Writ drops as provincial election formally underway
/in BizNews This Week, Government Provincial/by Jim ZeebenThe official countdown has begun as the province prepares to head to the polls on Oct. 19. The writ was dropped last Saturday and candidates who haven’t declared have until next Saturday to get their names on the ballot. Of course, most candidates are well into campaigning and Chamber members can expect the discourse to […]
New units added to affordable housing supply
/in BizNews This Week, Finding And Keeping Workers, Housing, Safe Communities/by Jim ZeebenAdding to Greater Victoria’s housing supply is critical. We need affordable homes for individuals and families who want to live and work in our region, and we need housing for vulnerable people at risk of falling through the cracks. Last week, the Capital Regional District‘s housing agency helped announce the opening of 97 new rental […]
Province to begin helping those who can’t help themselves
/in BizNews This Week, Chamber News, Government Provincial, Safe Communities/by Jim ZeebenSafe communities are fundamental to all of us. We need to feel safe if we’re going to reach our potential at work and at home. However, the ongoing opioid crisis continues to impact every neighbourhood and has become especially visible in pockets of larger cities. We’re seeing more people struggling with addiction and mental health […]
Stormy seas for businesses right now but smoother sailing coming
/in BizNews This Week, Business And Economic Strength, Global Uncertainty, Inflation And Rising Costs/by Jim ZeebenBusinesses in Canada aren’t feeling great about current conditions but many sense brighter times ahead. That was the finding of the latest Canadian Survey on Business Conditions by the Canadian Chamber’s Business Data Lab. “In fact, this is now the best showing for the ‘year-ahead’ question in the almost three years,” says Stephen Tapp, Chief […]
Inflation returns to target 2% opening door to rate cuts
/in BizNews This Week, Inflation And Rising Costs/by Jim ZeebenWith inflation finally — finally — back to 2% and the Bank of Canada signalling a new round of deep cuts to interest rates, there’s a growing sense of optimism among many business owners. “I think we’re all a little weary of rising prices and the sense of uncertainty that has hung around the last […]
New report shows practical benefits of ESG priorities
/in BizNews This Week, Climate Change Solutions/by Jim ZeebenA recently released report by Deloitte shows that a profound change has happened in recent years in the way Canadian companies are prioritizing their impact on climate and social policies. The 2024 Sustainability Action Report shows that standards set by global regulatory bodies are being considered as part of business’s risk strategies. The report also […]
Chamber hosts final election event with Green Party leader
/in BizNews This Week, Government Provincial/by Jim ZeebenThe Chamber hosted the fourth and final Leading to Election event yesterday, with about 30 people enjoying breakfast and a lively Q&A with BC Green Party leader Sonia Furstenau. Furstenau spoke about her entrepreneurial history as a university student operating a food stand at the Moss Street Market, which led to a catering enterprise. She […]
Ladysmith Mayor named new CEO of SIPP
/in BizNews This Week, Business And Economic Strength/by Jim ZeebenAaron Stone has been named the new CEO of the South Island Prosperity Partnership. Stone, currently serving his third term as the Mayor of Ladysmith, will step down from his elected office to take on the leadership role with SIPP effective Oct. 7. Along with serving as Ladysmith’s Mayor, Stone founded Uforik Computers. He has also […]
Pre-approved housing designs available for download
/in BizNews This Week, Government Provincial, Housing/by Jim ZeebenThe province has introduced a plan to speed up housing construction by allowing cookie cutter designs. The concept relies on “building blocks” that allow for adding elements such as a garage or bedroom. Homes can be up to three storeys. “They include concepts for duplex, triplex, quadplex and townhouse designs. Also included are a variety […]
Real estate summer slowdown typical for the season
/in BizNews This Week, Housing, Inflation And Rising Costs/by Jim ZeebenDespite falling interest rates, Greater Victoria’s housing market slowed in August and the benchmark price for an “average” home in the region decreased. A total of 545 properties sold in the Victoria Real Estate Board region this August, down 16.5% from July. The benchmark value for a single family home in August was $1,287,400, down […]
Bank cuts rate again this morning; more cuts coming?
/in BizNews This Week, Inflation And Rising Costs/by Jim ZeebenAs expected, the Bank of Canada reduced its target for the overnight rate to 4.25%. The announcement, made this morning, reflects the consistent decline in inflation, which came in at 2.5% in July. “With continued easing in broad inflationary pressures, Governing Council decided to reduce the policy interest rate by a further 25 basis points,” […]