It’s time for Vancouver Island businesses to take the pulse of the region to determine how we will position ourselves to succeed in quickly evolving markets.
Would it surprise you to know that the Vancouver Island population is growing at a rate only slightly lower than in Greater Vancouver? Or that 19% of home buyers on Vancouver Island in 2016 came from there? And would it shock you to hear that Victoria experienced the second greatest decline in housing affordability in Canada after Toronto between 2016 and 2017? Did you know that Vancouver Island produces 13-14% of the British Columbia GDP? Or that log and forest product exports from Vancouver Island increased 18% last year?
So where do you look when you want accurate, easily accessible information about the state of the regional economy? Where can you learn about the trends, potential opportunities and challenges that can impact you, your business and your life? The Vancouver Island Economic Alliance has what you’re looking for in the latest edition of their State of the Island Report.