New report shows economy taking flight in 2022

Greater Victoria’s business community is showing its resilience as a new report shows commerce continues to strengthen and grow.
 
“Despite headwinds facing the global economy, our region has roared back and we’re in a good position to really take flight as we welcome our traditional tourism season,” Chamber CEO Bruce Williams said. “These indicators make it clear that people can’t wait to get back to our vibrant downtown and enjoy all the amazing experiences our businesses provide.”
 
The report shows that there were 314,730 more pedestrian trips to downtown Victoria in the first three months of 2022 than the same period last year. The City of Victoria issued 7,623 business licences in the first quarter of 2022, up from 7,187 in the same period in 2019 before the pandemic.