VI Economic Map
VANCOUVER ISLAND
VI Economic Map
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Population Growth
2013 to 2014: 
-0.6% (-67)
2014 to 2015: -1.2% (-135)
2015 to 2016: -2.0% (-229)
2016 to 2017: 0% (+1)
Building Permits (in 000s)
January to June 2015: $277
January to June 2016: $1,144
January to June 2017: $4,679
January to June 2018: $4,573
Business Formations- Incorporations
2010-2013 ( annual average): 24
2012-2014 ( annual average): 31
2013-2015 ( annual average): 30
2014-2016 ( VI+ coast annual average): 28
2014: 34
2015: 26
2016: 24
2017: 43
Shellfish and Finfish Licenses
As at July 16, 2015: 4 Shellfish; 6 Finfish
As at June 22, 2016: 6 Finfish
As at June 21, 2017: 6 Finfish
As at November, 2017: 6 Finfish
Benchmark Single Family Home Price
(Year over Year Growth)
2015-2018: Data not available for this region
Living Wage
2014-2017: Data not available for this region
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
2014/15: Data not available for this region
2015/16: Data not available for this region
2016/17: Data not available for this region
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 
1.4% (626)
2014 to 2015: 1.9% (838)
2015 to 2016: 0.7% (319)
2016 to 2017: 1.3% (575)
Building Permits (in 000s)
January to June 2015: $23,255
January to June 2016: $54,077
January to June 2017: $34,697
January to June 2018: $49,045
Business Formations– Incorporations
2010-2013 ( annual average): 151
2012-2014 ( annual average): 156
2013-2015 ( annual average): 157
2014-2016 ( VI+ coast annual average):175
2014: 156
2015: 147
2016: 221
2017: 225
Shellfish and Finfish Licenses
As at July 16, 2015: 19 Shellfish; 12 Finfish
As at June 22, 2016: 20 Shellfish; 12 Finfish
As at June 21, 2017: 21 Shellfish; 12 Finfish
As at November, 2017: 18 Finfish
As at June, 2018: 20 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Campbell River – 6.5% ($283,300)
June 2016: Campbell River – 3.0% ($291,900)
June 2017: Campbell River – 19% ($348,500)
June 2018: Campbell River – 22% ($425,800)
Living Wage
2014-2017: Data not available for this region
Post Secondary Int’l Enrollments
2013: 140
2014: 235
2015: 280
2016: 330
2017: 380
2014/15: 34
2015/16: 52
2016/17: 2
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 0.3% (211)
2014 to 2015: 0.6% (387)
2015 to 2016: 0.9% (553)
2016 to 2017: 1.2% (778)
Building Permits (in 000s)
January to June 2015: $103, 898
January to June 2016: $47,059
January to June 2017: $65,640
January to June 2018: $104,934
Business Formations– Incorporations
2010-2013 ( annual average): 210
2012-2014 ( annual average): 207
2014-2016 ( VI+ coast annual average): 205
2014: 201
2015: 200
2017: 271
Shellfish and Finfish Licenses
As at July 16, 2015: 1 Finfish
As at June 22, 2016: 1 Finfish
As at June 21, 2017: 1 Finfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Comox Valley – 2.9% ($334,000)
June 2016: Comox Valley – 9.1% (364,400)
June 2017: Comox Valley – 21% (436,500)
June 2018: Comox Valley – 17% (510,700)
Living Wage
2014 & 2015: Data not available for this region.
2017: $15.96
2018: $16.59
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
2014/15: 187
2015/16: 200
2016/17: 222
2017/2018: Data not available for this region
Population Growth
2013 to 2014: Stable
2014 to 2015: -1.7% (-521)
2015 to 2016: 0.9% (281)
2016 to 2017: 0.7% (217)
Building Permits (in 000s)
January to June 2015: $9, 313
January to June 2016: $16,091
January to June 2017: $18,163
January to June 2018: $24,596
Business Formations– Incorporations
2010-2013 ( annual average): 87
2012-2014 ( annual average): 100
2013-2015 ( annual average): 99
2014-2016 ( VI+ coast annual average): 110
2014: 90
2015: 96
2016: 145
2017: 127
Shellfish and Finfish Licenses
As at July 16, 2015: 41 Shellfish; 24 Finfish
As at June 22, 2016: 30 Shellfish; 24 Finfish
As at June 21, 2017: 35 Shellfish; 30 Finfish
As at November, 2017: 24 Finfish
As at June, 2018: 35 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Port Alberni – 6.3%($190,600)
June 2016 Port Alberni – 5.9% ($201,800)
June 2017 Port Alberni – 20% ($241,600)
June 2018 Port Alberni – 22% ($293,800)
Living Wage
2014: Port Alberni – $17.22
2015: Port Alberni – $17.22
2017: Clayoquot Sound – $20.11
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
K-12 Int’l Enrollments
2014/15: 28
2015/16: 15
2016/17: 650
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 1.1% (1,712)
2014 to 2015: 1.7% (2,558)
2015 to 2016: 2.2% (3,438)
2016 to 2017: 1.8% (2,891)
Building Permits (in 000s)
January to June 2015: $154, 183
January to June 2016: $166,443
January to June 2017: $207,268
January to June 2018: $213,831
Business Formations– Incorporations
2010-2013 ( annual average): 614
2012-2014 ( annual average): 648
2013-2015 ( annual average): 693
2014-2016 ( VI+ coast annual average): 752
2014: 722
2015: 747
2016: 788
2017: 800
Shellfish and Finfish Licenses
As at July 16, 2015: 131 Shellfish
As at June 22, 2016: 133 Shellfish
As at June 21, 2017: 138 Shellfish
As at June, 2018: 138 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Qualicum/Parksville – 4.1% ($369,800)
June 2016: Qualicum/Parksville – 16.1% ($433,400)
June 2017: Qualicum/Parksville – 15% ($497,600)
June 2018: Qualicum/Parksville – 16% ($575,800)
June 2015 Nanaimo – 3.5% ($350,200)
June 2016 Nanaimo – 14.8% ($402,100)
June 2017 Nanaimo – 19% ($479,300)
June 2018 Nanaimo – 11% ($534,300)
Living Wage
2014: Qualicum/Parksville – $17.30
2015: Qualicum/Parksville – $17.30
2017: Qualicum/Parksville – $16.44
2018: Qualicum/Parksville – $17.02
2015: Nanaimo – $ 17.99
2017: Nanaimo – $ 17.55
Post Secondary Int’l Enrollments
2013: 1,375
2014: 2,060
2015: 2,020
2016: 2,160
2017: 2,070
2014/15: 449
2015/16: 496
2016/17: 548
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 0.9% (748)
2014 to 2015: 0.7% (552)
2015 to 2016: 1.1% (881)
2016 to 2017: 1.5% (1,225)
Building Permits (in 000s)
January to June 2015: $56, 401
January to June 2016: $60,394
January to June 2017: $84,414
January to June 2018: $78,866
Business Formations– Incorporations
2010-2013 ( annual average): 244
2012-2014 ( annual average): 260
2013-2015 ( annual average): 256
2014-2016 ( VI+ coast annual average): 270
2014: 283
2015: 251
2016: 275
2017: 317
Shellfish and Finfish Licenses
As at July 16, 2015: 52 Shellfish
As at June 22, 2016: 46 Shellfish
As at June 21, 2017: 49 Shellfish
As at June, 2018: 49 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Duncan – 6.4% ($298,300)
June 2016: Duncan – 9.1% ($325,400)
June 2017: Duncan – 18% ($403,400)
June 2018: Duncan – 12% ($450,500)
Living Wage
2014: Cowichan Valley – $17.04
2015: Cowichan Valley – $18.81
2016: Cowichan Valley – $18.81
2017: Cowichan Valley – $19.05
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
2014/15: 282
2015/16: 258
2016/17: 45
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 0.3% (1,198)
2014 to 2015: 1.0% (3,886)
2015 to 2016: 1.3% (4,815)
2016 to 2017: 1.2% (4,833)
Building Permits (in 000s)
January to June 2015: $362, 712
January to June 2016: $477,897
January to June 2017: $648,586
January to June 2018: $900,077
Business Formations– Incorporations
2010-2013 ( annual average): 1,974
2012-2014 ( annual average): 1,949
2013-2015 ( annual average): 1,973
2014-2016 ( VI+ coast annual average): 2,145
2014: 1,987
2015: 1,988
2016: 2,459
2017: 2,555
Shellfish and Finfish Licenses
As at July 16, 2015: 10 Shellfish
As at June 22, 2016: 10 Shellfish
As at June 21, 2017: 10 Shellfish
As at June, 2018: 10 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Victoria – 4.6% ($508,900)
June 2016: Victoria – 16.8% ($593,700)
June 2017: Victoria – 16% ($691,100)
June 2018: Victoria – 8% ($745,100)
Living Wage
2014: Esquimalt – $17.31
2014: Victoria – $18.93
2015: Victoria – $18.93
2017: Victoria – $20.01
2018: Victoria – $20.05
Post Secondary Int’l Enrollments
2013: 4,084
2014: 5,261
2015: 5,890
2016: 6,077
2017: 6,429
2014/15: 1,946
2015/16: 2,175
2016/17: 2,375
2017/2018: Data not available for this region
Population Growth
2013 to 2014: -0.6% (-67)
2014 to 2015: -1.2% (-135)
2015 to 2016: -2.0% (-229)
2016 to 2017: 0% (+1)
Building Permits (in 000s)
January to June 2015: $277
January to June 2016: $1,144
January to June 2017: $4,679
January to June 2018: $4,573
Business Formations- Incorporations
2010-2013 ( annual average): 24
2012-2014 ( annual average): 31
2013-2015 ( annual average): 30
2014-2016 ( VI+ coast annual average): 28
2014: 34
2015: 26
2016: 24
2017: 43
Shellfish and Finfish Licenses
As at July 16, 2015: 4 Shellfish; 6 Finfish
As at June 22, 2016: 6 Finfish
As at June 21, 2017: 6 Finfish
As at November, 2017: 6 Finfish
Benchmark Single Family Home Price
(Year over Year Growth)
2015-2018: Data not available for this region
Living Wage
2014-2017: Data not available for this region
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
2014/15: Data not available for this region
2015/16: Data not available for this region
2016/17: Data not available for this region
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 1.4% (626)
2014 to 2015: 1.9% (838)
2015 to 2016: 0.7% (319)
2016 to 2017: 1.3% (575)
Building Permits (in 000s)
January to June 2015: $23,255
January to June 2016: $54,077
January to June 2017: $34,697
January to June 2018: $49,045
Business Formations– Incorporations
2010-2013 ( annual average): 151
2012-2014 ( annual average): 156
2013-2015 ( annual average): 157
2014-2016 ( VI+ coast annual average):175
2014: 156
2015: 147
2016: 221
2017: 225
Shellfish and Finfish Licenses
As at July 16, 2015: 19 Shellfish; 12 Finfish
As at June 22, 2016: 20 Shellfish; 12 Finfish
As at June 21, 2017: 21 Shellfish; 12 Finfish
As at November, 2017: 18 Finfish
As at June, 2018: 20 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Campbell River – 6.5% ($283,300)
June 2016: Campbell River – 3.0% ($291,900)
June 2017: Campbell River – 19% ($348,500)
June 2018: Campbell River – 22% ($425,800)
Living Wage
2014-2017: Data not available for this region
Post Secondary Int’l Enrollments
2013: 140
2014: 235
2015: 280
2016: 330
2017: 380
2014/15: 34
2015/16: 52
2016/17: 2
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 0.3% (211)
2014 to 2015: 0.6% (387)
2015 to 2016: 0.9% (553)
2016 to 2017: 1.2% (778)
Building Permits (in 000s)
January to June 2015: $103, 898
January to June 2016: $47,059
January to June 2017: $65,640
January to June 2018: $104,934
Business Formations– Incorporations
2010-2013 ( annual average): 210
2012-2014 ( annual average): 207
2014-2016 ( VI+ coast annual average): 205
2014: 201
2015: 200
2017: 271
Shellfish and Finfish Licenses
As at July 16, 2015: 1 Finfish
As at June 22, 2016: 1 Finfish
As at June 21, 2017: 1 Finfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Comox Valley – 2.9% ($334,000)
June 2016: Comox Valley – 9.1% (364,400)
June 2017: Comox Valley – 21% (436,500)
June 2018: Comox Valley – 17% (510,700)
Living Wage
2014 & 2015: Data not available for this region.
2017: $15.96
2018: $16.59
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
2014/15: 187
2015/16: 200
2016/17: 222
2017/2018: Data not available for this region
Population Growth
2013 to 2014: Stable
2014 to 2015: -1.7% (-521)
2015 to 2016: 0.9% (281)
2016 to 2017: 0.7% (217)
Building Permits (in 000s)
January to June 2015: $9, 313
January to June 2016: $16,091
January to June 2017: $18,163
January to June 2018: $24,596
Business Formations– Incorporations
2010-2013 ( annual average): 87
2012-2014 ( annual average): 100
2013-2015 ( annual average): 99
2014-2016 ( VI+ coast annual average): 110
2014: 90
2015: 96
2016: 145
2017: 127
Shellfish and Finfish Licenses
As at July 16, 2015: 41 Shellfish; 24 Finfish
As at June 22, 2016: 30 Shellfish; 24 Finfish
As at June 21, 2017: 35 Shellfish; 30 Finfish
As at November, 2017: 24 Finfish
As at June, 2018: 35 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Port Alberni – 6.3%($190,600)
June 2016 Port Alberni – 5.9% ($201,800)
June 2017 Port Alberni – 20% ($241,600)
June 2018 Port Alberni – 22% ($293,800)
Living Wage
2014: Port Alberni – $17.22
2015: Port Alberni – $17.22
2017: Clayoquot Sound – $20.11
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
K-12 Int’l Enrollments
2014/15: 28
2015/16: 15
2016/17: 650
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 1.1% (1,712)
2014 to 2015: 1.7% (2,558)
2015 to 2016: 2.2% (3,438)
2016 to 2017: 1.8% (2,891)
Building Permits (in 000s)
January to June 2015: $154, 183
January to June 2016: $166,443
January to June 2017: $207,268
January to June 2018: $213,831
Business Formations– Incorporations
2010-2013 ( annual average): 614
2012-2014 ( annual average): 648
2013-2015 ( annual average): 693
2014-2016 ( VI+ coast annual average): 752
2014: 722
2015: 747
2016: 788
2017: 800
Shellfish and Finfish Licenses
As at July 16, 2015: 131 Shellfish
As at June 22, 2016: 133 Shellfish
As at June 21, 2017: 138 Shellfish
As at June, 2018: 138 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Qualicum/Parksville – 4.1% ($369,800)
June 2016: Qualicum/Parksville – 16.1% ($433,400)
June 2017: Qualicum/Parksville – 15% ($497,600)
June 2018: Qualicum/Parksville – 16% ($575,800)
June 2015 Nanaimo – 3.5% ($350,200)
June 2016 Nanaimo – 14.8% ($402,100)
June 2017 Nanaimo – 19% ($479,300)
June 2018 Nanaimo – 11% ($534,300)
Living Wage
2014: Qualicum/Parksville – $17.30
2015: Qualicum/Parksville – $17.30
2017: Qualicum/Parksville – $16.44
2018: Qualicum/Parksville – $17.02
2015: Nanaimo – $ 17.99
2017: Nanaimo – $ 17.55
Post Secondary Int’l Enrollments
2013: 1,375
2014: 2,060
2015: 2,020
2016: 2,160
2017: 2,070
2014/15: 449
2015/16: 496
2016/17: 548
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 0.9% (748)
2014 to 2015: 0.7% (552)
2015 to 2016: 1.1% (881)
2016 to 2017: 1.5% (1,225)
Building Permits (in 000s)
January to June 2015: $56, 401
January to June 2016: $60,394
January to June 2017: $84,414
January to June 2018: $78,866
Business Formations– Incorporations
2010-2013 ( annual average): 244
2012-2014 ( annual average): 260
2013-2015 ( annual average): 256
2014-2016 ( VI+ coast annual average): 270
2014: 283
2015: 251
2016: 275
2017: 317
Shellfish and Finfish Licenses
As at July 16, 2015: 52 Shellfish
As at June 22, 2016: 46 Shellfish
As at June 21, 2017: 49 Shellfish
As at June, 2018: 49 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Duncan – 6.4% ($298,300)
June 2016: Duncan – 9.1% ($325,400)
June 2017: Duncan – 18% ($403,400)
June 2018: Duncan – 12% ($450,500)
Living Wage
2014: Cowichan Valley – $17.04
2015: Cowichan Valley – $18.81
2016: Cowichan Valley – $18.81
2017: Cowichan Valley – $19.05
Post Secondary Int’l Enrollments
2013-2017: Data not available for this region
2014/15: 282
2015/16: 258
2016/17: 45
2017/2018: Data not available for this region
Population Growth
2013 to 2014: 0.3% (1,198)
2014 to 2015: 1.0% (3,886)
2015 to 2016: 1.3% (4,815)
2016 to 2017: 1.2% (4,833)
Building Permits (in 000s)
January to June 2015: $362, 712
January to June 2016: $477,897
January to June 2017: $648,586
January to June 2018: $900,077
Business Formations– Incorporations
2010-2013 ( annual average): 1,974
2012-2014 ( annual average): 1,949
2013-2015 ( annual average): 1,973
2014-2016 ( VI+ coast annual average): 2,145
2014: 1,987
2015: 1,988
2016: 2,459
2017: 2,555
Shellfish and Finfish Licenses
As at July 16, 2015: 10 Shellfish
As at June 22, 2016: 10 Shellfish
As at June 21, 2017: 10 Shellfish
As at June, 2018: 10 Shellfish
Benchmark Single Family Home Price
(Year over Year Growth)
June 2015: Victoria – 4.6% ($508,900)
June 2016: Victoria – 16.8% ($593,700)
June 2017: Victoria – 16% ($691,100)
June 2018: Victoria – 8% ($745,100)
Living Wage
2014: Esquimalt – $17.31
2014: Victoria – $18.93
2015: Victoria – $18.93
2017: Victoria – $20.01
2018: Victoria – $20.05
Post Secondary Int’l Enrollments
2013: 4,084
2014: 5,261
2015: 5,890
2016: 6,077
2017: 6,429
2014/15: 1,946
2015/16: 2,175
2016/17: 2,375
2017/2018: Data not available for this region