BizNews This Week Archives - Page 6 of 25

Construction begins on first downtown hotel in 20 years

July 17, 2025/in BizNews This Week, Government Local, Hospitality And Tourism Rescue And Recovery/by Jim Zeeben

Six years after The Chamber signaled its support for a new hotel in downtown Victoria, work finally began this week.

The new eight-storey Hyatt-branded hotel will have 167-rooms. It’s located at Broad and Johnson streets and expected to be completed by 2028.

Chard Development began working on the the project before the pandemic and was supported by The Chamber through letters and presentations to the City of Victoria.

Once built, the hotel will add about $14.9 million to our region’s economy and provide accommodations for almost 100,000 people every year. About 200 people will be needed to work at the hotel once operational, and more than 460 jobs will be created during construction.

The site of the new hotel will include walls and facades that date back to as far as 131-years-ago.

Saanich to hear amalgamation report July 14

July 14, 2025/in BizNews This Week, Government Local, Streamlined Regional Regulations/by Jim Zeeben

The District of Saanich announced today it will receive a formal presentation and begin next steps on July 14 on the report recommending Saanich and the City of Victoria amalgamate has been published and can be viewed online.

Chamber members have long called for this to happen and The Chamber was an early voice for using the Citizens’ Assembly process as a practical method for initiating amalgamation. And whenever the process stalled along the way, The Chamber was quick to nudge it forward.

“Having considered the costs, benefits and disadvantages to the best of our abilities and with the information available to us, we recommend the amalgamation of Victoria and Saanich,” the report’s executive summary states. “In the course of our deliberations, we ultimately concluded that amalgamation as a unified city would be the best form of government for our two municipalities.”

Jo Campbell remembered as legendary philanthropist

July 9, 2025/in BizNews This Week, Chamber Awareness/by Jim Zeeben

One of Greater Victoria’s most legendary philanthropists has died at the age of 85.

Jo Campbell was co-founder of Thrifty Foods along with her husband Alex Campbell, who was named Chamber Lifetime Achievement winner in 2009 and inducted into The Chamber Business Hall of Fame in 2022.

“Jo and Alex were a team working together to create and grow Thrifty Foods into the business and community giants that they sold to Sobeys in 2007,” Bruce Williams said in his last week as Chamber CEO. “I have had the privilege of knowing them both and their children and admired their endless dedication to supporting important causes and organizations.”

Jo Campbell was as major supporter of the Victoria Cancer Centre and Camosun College, which named a wing of their campus the Alex & Jo Campbell Centre for Health and Wellness.

Deuce Days returns to Greater Victoria next week

July 9, 2025/in BizNews This Week, Hospitality And Tourism Rescue And Recovery/by Jim Zeeben

One of our region’s most spectacular events is returning next week for the first time since 2022. The 11th edition of Northwest Deuce Days runs July 17-20. It is known as the world’s largest gathering of 1932 Fords — nicknamed Deuces and beloved for their distinctive front grill — as well as many more pre-1952 vehicles.

The gathering of classic cars creates a movie-set-like vibe on the region’s streets, with the mellifluous rumble of hundreds of hot rods serving as the soundtrack.

The festival, supported by Destination Greater Victoria, opens with a welcome ceremony at 2:15 pm, July 17, as the MV Coho arrives in the Inner Harbour.

For more information on the event, go to tourismvictoria.com.

Saanich hears from public on Quadra McKenzie Plan

July 9, 2025/in BizNews This Week, Government Local, Transportation Options/by Jim Zeeben

A revised Draft Quadra McKenzie Plan will go back to the public for further input this fall, after the District of Saanich Council heard from residents who are passionate about the area.

“The Quadra McKenzie planning process has sparked unprecedented public involvement,” Saanich Mayor Dean Murdock said. “Council has listened closely, and we have directed staff to revise the plan based on more than 10,000 public comments. There is still work ahead, including another round of public engagement, and I encourage all residents to stay involved—respectfully and constructively.”

Key revisions include reduced density, scaled back building heights and the removal of conceptual changes to McKenzie Avenue, which will be considered separately at a later time in collaboration with BC Transit.

An additional round of public engagement will run from August to October.

Strong start to summer for real estate market

July 9, 2025/in BizNews This Week, Business And Economic Strength, Housing/by Jim Zeeben

The latest numbers offer more evidence Greater Victoria’s real estate sector has moved beyond the uncertainty that had disrupted markets over the past five years.

“Recent market trends suggest that we have finally transitioned from a pandemic-driven market to more conventional patterns,” Victoria Real Estate Board Chair Dirk VanderWal said. “We have experienced consecutive months of a healthy and balanced market that includes listing inventory levels we have not seen in a decade paired with steady sales. Despite economic uncertainties weighing on consumer confidence, Victoria continues to demonstrate resilient market conditions.”

VREB said a total of 761 properties sold in June, up 15.1% from June 2024.

“Noteworthy this past month is a large uptick in the number of condos sold,” VanderWal said. “It will be interesting to see if this continues through the summer and becomes a trend.”

The benchmark value for a single family home in June was $1,325,400, down from May’s value of $1,326,600. The benchmark value for a condominium in June was $562,800, down from the May value of $564,100.

Chamber hosting CUSMA workshop in Victoria

July 9, 2025/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Inflation And Rising Costs/by Jim Zeeben

Actions announced to help improve safety downtown

July 9, 2025/in BizNews This Week, Business And Economic Strength, Safe Communities/by Jim Zeeben

Over the past year, we’ve heard from more businesses demanding action on crime and distress outside their storefronts. Last week, the City of Victoria announced it was reallocating $10.35 million to address community safety.

“This is an issue that has been talked about for a long, long time and it’s at the point people are tired of talk,” Chamber CEO Bruce Williams said. “Increasing police presence is a good start and hopefully will result in immediate and noticeable relief for businesses suffering because of social disorder.”

The Chamber has worked patiently on long-term solutions, such as evidence-based support for people with mental health and addiction issues. We applaud work done by our community partners, while recognizing that even the providers of social services such as Our Place Society and promoters of downtown including the DVBA have said a new approach is needed.

One silver lining is news that downtown continues to serve as a beacon for entrepreneurs with 19 new stores recently opening.

“Downtown Victoria is a gem and absolutely vital to our region’s economy,” Williams said. “We know visitors continue to be dazzled by the charm of the area. At the same time, we also know that long-time businesses are feeling real pressure and more needs to be done to make downtown safer immediately and for future generations to come.”

Nominations open for 2026-27 Chamber Board

July 2, 2025/in BizNews This Week, Chamber Awareness/by Jim Zeeben

Every fall, the Greater Victoria Chamber of Commerce holds an election for new board members. Each board member is elected for a two-year term with staggered renewal dates. Our influential board works with decision-makers to support our region’s businesses and maximize the value of membership with The Chamber.

This year, four (4) board positions are up for election and nominations to the Board will be open from now until Thursday, Aug. 28 at 12 pm. Visit our website for information on the nomination process and key dates. Download the nomination package to begin the process of nominating yourself for consideration.

Join us for the Board Information Session on July 15, from 10 – 11:30am at the Chamber office or via Teams, if you are interested in learning more about the election process or the commitment and responsibilities of being on The Chamber Board.

The main contact of each Chamber member business is the voting representative and will receive information on voting in September. Please ensure the main contact for your business is correct by visiting your Member Directory Listing or Member Portal.

Additional questions can be directed to strategy@victoriachamber.ca.

Good step forward for safer supportive housing

July 2, 2025/in BizNews This Week, Government Provincial, Housing, Safe Communities/by Jim Zeeben

Businesses continue to demand action on making communities safer. On Monday, the provincial government announced help for supportive housing providers dealing with problematic and dangerous individuals taking advantage of vulnerable people.

A new, time-limited working group will have more authority to deal with urgent safety issues and better respond to weapons and criminal activity within supportive housing. The group will explore the potential to remove supportive housing from the Residential Tenancy Act.

“The government really listened to the concerns of our sector and has acted on them,” Our Place Society CEO Julian Daly said. “These proposed changes give us, as housing providers, more flexibility in how we manage our buildings, greater control over who lives with us and allows us to create safer homes for those we serve and a safer workplace for our colleagues.”

The working group will also address air-quality issues in supportive housing related to second-hand exposure to fentanyl.

“The Chamber applauds actions that make our communities safer,” Chamber CEO Bruce Williams said. “We know that helping people dealing with mental health and addiction challenges is vital, and part of that help includes keeping them safe from predators who target those populations.”