BizNews

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 hosts final election event with Green Party leader

The 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

Aaron 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

The 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

Despite 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?

As 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,” […]

Back to school sees changes to improve health and safety

A sure sign that summer is soon coming to a close is the sight of school kids headed back to class. One of the big changes for students in K-12 is the new cellphone policy that aims to cut down on screen time during school hours. The policy removes the distraction of digital devices in […]

Songhees hosting third annual South Island Powwow

The Songhees Nation, with support from the City of Victoria, will host the third annual South Island Powwow on Sept. 30, National Day for Truth and Reconciliation, at Royal Athletic Park on the homelands of the lək̓ʷəŋən people. Sept. 30 is a federal statutory holiday also known as Orange Shirt Day. Everyone is welcome at […]

Go local for Labour Day before return to fall routine

Is it almost September already? You can feel it in the air — that combination of excitement to start a fresh school year mixed with the bittersweet feeling of the end of summer. Make the most out of your Labour Day long-weekend by supporting your fellow Chamber members. Celebrate by enjoying a bite out, a night away from […]

Province’s political landscape shifts as BC United Party folds

A scenario discussed earlier this year during The Chamber’s Leading to Election series has now become reality. The BC United Party’s leader Kevin Falcon announced today he is stepping aside and will work to have his party’s candidates merge with the Conservative Party of BC. In a joint media release, Falcon stated he suspended his […]

Input sought on Uptown’s future as a transit hub

How will you be affected by plans to transform the Uptown neighbourhood through transit-oriented development? Find out and have your say as the first round of public engagement for the area is underway and will continue until Sept. 18. Your feedback will help set the vision for the area, including a potential transit exchange connected to proposed new homes […]

Slowing inflation paves way for further interest rate cuts

The wind appears to be out of the sails of inflation, clearing the way for reduced borrowing costs later this year. Statistics Canada reported yesterday that the Consumer Price Index rose 2.5% in July, the slowest pace since March 2021. Lower costs for phone services, computers and vehicles offset a slight increase in fuel prices. “Businesses that have been […]

Rail shutdown poses critical threat to our economy

The Chamber continues to call on our region’s Members of Parliament as well as the federal government to take immediate action to ensure the continuation of rail services. A strike that began Aug. 22 threatens to disrupt local economies as well as our country’s national security. Working with our national chamber network, we have been asking […]