Business And Economic Strength Archives

Chamber welcomes renewed focus on industry

November 20, 2025/in BizNews This Week, Business And Economic Strength, Finding And Keeping Workers, Government Provincial, New And Established Businesses/by Jim Zeeben

The Chamber applauds the recent launch of Look West, a provincial strategy to invest in the economy through major projects and a focus on industry. The aim is to build off recent announcements by the federal government to prioritize projects that will grow Canada’s economy and increase future revenue.

“As important as the specific projects are, even more encouraging is the acknowledgment that government needs to invest in ways that grow revenue and build resilience in our economy,” Chamber CEO John Wilson said. “The recent announcements come as The Chamber is beginning work with industrial partners in Greater Victoria, such as the Ralmax Group of Companies. One initiative that could make a big difference is the idea of an Industrial Land Reserve modelled after BC’s existing Agricultural Land Reserve.”

It makes sense to preserve spaces that have incubated successful industry and the good-paying jobs that come with it. There is a lot of pressure on land due to things such as BC Assessment’s highest-and-best-use policy. There’s a real risk that once the usage of the land changes, the jobs and revenue streams that had been in place will never return.

The Chamber will continue to work for all of its members, and hopes to continue to provide insight from a business perspective for decision makers in the provincial government.

BC promises to double funding for trades training

November 20, 2025/in BizNews This Week, Business And Economic Strength, Finding And Keeping Workers/by Jim Zeeben

Twice as much money is being allocated to train British Columbians in needed trades, the provincial government announced last week.

Over the next three years, trades-training programs in BC will receive $241 million.

This money will:

increase per-seat funding for apprentice programs
address waiting lists for industrial trades
advance skilled-trades certification, beginning with crane operators
ensure workers can move between industries.

The province said it will work with unions, industry and post-secondary partners to build out workforce programs.

Chamber clarifies statement on municipal budgets

November 20, 2025/in BizNews This Week, Business And Economic Strength, Chamber News, Government Local, Inflation And Rising Costs, Streamlined Regional Regulations/by Jim Zeeben

The Chamber issued a statement this week, clarifying our position on the need for local governments to reduce their dependence on increasing taxes every year.

A recently published column by Chamber CEO John Wilson issued a challenge to all Greater Victoria municipalities, calling for them to match the City of Vancouver’s effort to achieve a 0% budget increase.

Regrettably, the attempt at a dialogue on fiscal discipline has been sidetracked by online commentary that clouds the conversation and deflects the vital importance of supporting business and our economy. Since our founding in 1863, The Chamber has been instrumental in shaping a strong economy that includes a thriving arts and culture sector. We also fully support many non-profit organizations — after all, we are one ourselves.

To be clear, The Chamber does have a position on priorities for the City of Victoria that may or may not reflect priorities of other municipalities in our region: The Chamber has a mandate by the business community to call for urgent action to prevent further deterioration of downtown Victoria. This requires a fully funded police department as well as the full focus of City of Victoria staff and council.

“Mayors and councils don’t have an easy job, but they do have a job to prioritize the stewardship of infrastructure and services vital to maintaining their municipalities,” Chamber CEO John Wilson said. “The Chamber, too, will stay in our lane as the voice of business. We believe that fiscal responsibility is key to a robust private sector that creates good jobs, attracts capital investments and provides the taxes needed by government to deliver sustainable public services.”

Read the full statement

New rules on sick notes effective immediately

November 13, 2025/in BizNews This Week, Business And Economic Strength, Fair Rules, Finding And Keeping Workers, Government Provincial, Safe Communities/by Jim Zeeben

The province’s rules limiting when employers can ask for sick notes are now in effect. Under the employment standards regulations, employers can’t ask for a sick note for a worker’s first two health-related, short-term absences of five consecutive days or fewer in a calendar year.

The province said it consulted health-care providers, who pointed to scientific evidence that shows most minor illnesses for adults, such as a cold and influenza, have symptoms that typically resolve within five days.

These changes are meant to reduce time spent on paperwork by physicians, dentists, nurse practitioners, nurses, pharmacists, physiotherapists and midwives.

Voice of business vital to municipal budget planning

November 13, 2025/in BizNews This Week, Business And Economic Strength, Fair Rules, Global Uncertainty, Government Local/by Jim Zeeben

One of The Chamber’s advocacy priorities is aimed at reducing the burden on businesses by ensuring governments focus on needs over wants.

This is playing out now as municipalities begin their budget process.

“To be clear, The Chamber isn’t telling mayors and councils what they need to cut. We are saying they need to do better than they have and reduce spending where they can while still delivering their core responsibilities,” Chamber CEO John Wilson said.

Looking back at tax rates charged in Greater Victoria, there are trends of taxes increasing by more than inflation. As well, there has been concern that taxes on businesses are increasing more than taxes on residents without any additional services being provided.

“Our message to local governments and their staff is that reducing costs for businesses is one of the best investments you can make in your municipality,” Wilson said. “Many business owners aren’t able to vote where they are located so, historically, they have had less of a voice during election cycles. This needs to change, and The Chamber is unapologetic about our role as the voice of business.”

Fall stats show uptick in region’s real estate sector

November 6, 2025/in BizNews This Week, Business And Economic Strength, Finding And Keeping Workers, Housing/by Jim Zeeben

Greater Victoria’s housing market is showing renewed activity as sales and prices ticked up in October.

A total of 617 properties sold in the Victoria Real Estate Board region this October, 11.4% more than in September.

“The local real estate market remains reasonably balanced,” VREB Chair Dirk VanderWal said in a media release. “Single family homes are currently seeing the strongest demand, and this month we saw the highest number of October sales since 2020. However, condo sales were slightly more restrained than single family and townhome sales over the past month. We have not seen a significant decrease in prices as a result, but those shopping for condos will find a good variety to choose from with time to make decisions.”

The benchmark value for a single family home in the Victoria Core in October was $1,276,500, down from September’s value of $1,294,800. The benchmark value for a condominium in the Victoria Core area was $551,000 in October, up from the September value of $547,500.

Province continues working on red tape reduction

October 29, 2025/in BizNews This Week, Business And Economic Strength, Fair Rules, Government Provincial, Streamlined Regional Regulations/by Jim Zeeben

On Monday, the provincial government announced it was making 187 amendments to 38 regulations in order to reduce red tape, improve permitting timelines and make government services more efficient and accessible.

The changes are across 10 ministries and focus on streamlining approval processes, such as removing construction permit requirements for very small private water systems, simplifying the level of authority needed for special-use forestry permits and eliminating outdated provisions related to soil relocation and open burning activities.

Businesses can share their ideas for future red tape reduction at betterregulations@gov.bc.ca.

ICBC freezes auto insurance rates through 2027

October 29, 2025/in BizNews This Week, Business And Economic Strength, Government Provincial, Transportation Options/by Jim Zeeben

The Insurance Corporation of BC announced on Tuesday that no increase to basic rates is planned for next year. It marks the seventh year in a row that ICBC has held rates.

“With insurance rates stable, we can put our efforts toward enhancing customer experience and expanding online services,” ICBC interim CEO and president Jason McDaniel said in the media release.

ICBC reviewed its finances and concluded that basic auto-insurance rates do not require a change through to 2026-27 fiscal year, eliminating the need for an application to change rates with the BC Utilities Commission in 2025 and postponing any potential need for an application until late 2026.

Some of the credit for the stable financial situation goes to the switch to a “no-fault” system, which McDaniel recently told a Chamber audience he prefers to call Enhanced Care.

The introduction of Enhanced Care in 2021 led to an immediate reduction in basic insurance rates, and has helped keep the rates steady ever since.

Change gives sick or hurt staff up to six-months leave

October 22, 2025/in BizNews This Week, Business And Economic Strength, Finding And Keeping Workers, Safe Communities/by Jim Zeeben

The BC government is proposing an amendment to the Employment Standards Act that would give employees up to 27 weeks of unpaid leave for serious illness or injury.

The province says the change is in line with other jurisdictions and will protect people who can’t work for at least one week because they need treatment or are debilitated by disease.

Employees must obtain a medical certificate from a doctor or nurse practitioner stating that the person is unable to work and how much time off is required.

Business confidence wobbly as uncertainty lingers

October 22, 2025/in BizNews This Week, Business And Economic Strength, Global Uncertainty/by Jim Zeeben

Economic uncertainty linked to ongoing trade talks between Canada and its largest trading partner continues to weigh on the minds of businesses.

The latest Business Outlook Survey, released this week by the Bank of Canada, found that most businesses are waiting for clarity about the future before investing in their organization. Confidence is slightly higher than in early 2025, after the US administration first rolled out its shift to a tariff-based approach to global trade.

“Ongoing concerns of a recession are offsetting the continued gradual improvement in business sentiment, leaving firms’ outlooks and plans largely unchanged, on balance,” the survey states. “Measures of both business activity (including sales, investment and employment) and capacity continue to weigh negatively on the BOS indicator, reflecting ongoing soft demand and cautious planning.”