BizNews

February 7, 2024

Your weekly round up of BizNews from throughout Greater Victoria!

US Consul General meets Victoria business leaders

Canada is a trading nation, and many businesses in Greater Victoria provide goods and services to an international customer base. Building connections across borders is vital to helping business operate as smoothly as possible.


On Monday, the Chamber welcomed Vancouver-based US Consulate General Jim DeHart to Victoria.


"I've spoken with Mr. DeHart during trade missions in the past and he's always expressed an interest in learning more about Greater Victoria and Vancouver Island," Chamber CEO Bruce WIlliams said. "I'm glad we were able to host him for a roundtable with some of our region's business leaders for a discussion on trade and cross-border relations."


Topics covered an array of interests, including labour force mobility, credential recognition and ongoing efforts to streamline regulations.

Chamber Events


February Emerge Connector @ Acera - taking waitlist

 

Member Networking Breakfast - taking waitlist

 

February Business Mixer @ Max Furniture - taking waitlist


Budget 2024 - A Conversation with BC's Finance Minister


Membership 101

 

March Business Mixer @ Amica


April Business Mixer @ Pacific Opera Victoria

 

Check our Events Calendar for updates

Real estate stats show balance returning to market

There's reason for optimism in Greater Victoria's real estate sector, as a sense of stability is returning after what felt like truly turbulent times.


"Mortgage rates have levelled out, inventory is slowly creeping back up, and we are no longer in that highly pressurized market of recent years which created complicated and sometimes stressful conditions for buyers and sellers,"

Victoria Real Estate Board Chair Laurie Lidstone said in the organization's latest news release.


"If balanced conditions continue, buyers and sellers will have more time to make decisions and there will be less pressure on pricing. Of course, there are many factors that impact the market here in Victoria, and, as we've seen in the past, things can change very rapidly."


The real estate board had 2,140 active listings for sale at the end of January, a 23.1% increase from 12 months ago.


The benchmark value for a single family home in January was about $1.24 million, down from December's value of $1.27 million. The benchmark value for a condominium in the Victoria Core in January was $559,000, down from the December value of $562,000.

Victoria Real Estate Board: Member since 1969

Chamber experts follow data on economic forecasts

Understanding economic trends is invaluable to helping businesses plan for the future. The Chamber relies on a number of sources for information and analysis, including our national network.


On Tuesday, Canadian Chamber Chief Economist Stephen Tapp provided members of The Chamber's Public Policy and Advocacy Committee with his insights.


"We're fortunate to have access to a deep pool of experts who help us make effective use of our advocacy efforts," Chamber CEO Bruce Williams said. "The Greater Victoria Chamber of Commerce has a long history as Western Canada's first chamber and we continue to play an active role with the Canadian Chamber."


Tapp spoke about the state of the economy and expectations for interest rate cuts, using the latest numbers from the Business Data Lab. Click the image to view Tapp's presentation.


For information on joining a Chamber committee, go to victoriachamber.ca/committees for contact info.

Canadian Chamber of Commerce Appears Before Standing Committee on Public Safety & National Security

Chamber network asks to improve cyber-security bill

Cyber-security will only become more important to businesses as economic activity shifts online. Even traditional storefronts embraced digital sales during pandemic lockdowns, and many are continuing or expanding their services to meet consumer expectations.


With that shift, The Chamber recognizes that cyber-security is fundamental to our advocacy for safe communities. On Monday, our national chamber network addressed the House of Commons Standing Committee on Public Safety and National Security to speak to Bill C-26.


Canadian Chamber senior director Ulrike Bahr-Gedalia said more than 98% of Canadian businesses are small- or medium-sized enterprises, and need greater awareness and protection from cyber-security threats. She advocated for a prevention-first approach, calling for clear rules to ensure incidents are reported appropriately as well as better communication by the government so businesses can prevent incidents before they happen.

Chamber Chats with CEO Bruce Williams

How traditional media evolves to continue serving our community

CEO Bruce Williams talks with Times Colonist Editor and Publisher Dave Obee

Times Colonist: Member since 1976

Chamber Chats

The way we gather information and news has been evolving for decades. Where are we now in a highly digital world, and how has conventional media adapted? In this Chamber Chat, CEO Bruce Williams talks about the state of journalism with Times Colonist Editor and Publisher Dave Obee.

Special thanks to our series sponsor: Island Savings

Meet with their local experts for solutions as unique as your business.

Applications open now for festival funding

Investing in celebrations of sports, arts, culture and farming helps build great communities. The economic return also benefits many tourism and hospitality businesses — a sector that is still recovering from the pandemic and the current slowdown in consumer spending.


The Chamber continues to be a vocal advocate for this sector, and we applaud this morning's news that the BC Fairs, Festivals and Events fund is being extended.


“The BCFFE program single-handedly saved our business and that of many of our colleagues here in BC," 17 Black Events executive director Scott Gurney said. "The program has also ensured that businesses within BC’s live event ecosystem, like specialty service providers, suppliers and rental companies, have been able to survive, too. The impact of this program reaches far and wide with its economic outcomes, but more importantly, from a social point of view, it has ensured that British Columbians have continued access to arts, culture and live events.”


Events between April 1, 2024, and Sept. 30, 2025, are eligible for funding to cover expenses ranging from operational costs, Indigenous consultation and honorariums, to venue rental, marketing, wages and promotion.


Applications are being accepted until 11:59 pm, Feb. 25. Organizations are encouraged to submit their applications as soon as possible.


“We are extremely grateful for the past two years of BCFFE funding," Rifflandia Entertainment Company president and CEO Nick Blasco said. "Suffice to say, the program has been essential to the growth and future of our festival and so many others throughout the province.”

17 Black Entertainment Ltd.: Member since 2023

Rifflandia Entertainment Company Inc.: Member since 2022

Member News @VictoriaChamber

Click the image to read and share the Member News story on Instagram

The Grind Basketball Club & Academy:

Member since 2024

Victoria Conservatory of Music: Member since 2000

Shape Property Management - Uptown: Member since 1983

Tombo Eats:

Member since 2023

Share your good news so we can share with other members! 

Hire right in 2024 with The Chamber's job board

Make sure potential employees know about the opportunities that you offer when they work with you. If you have any questions or need help uploading your job, email us at [email protected].

Broadcast Engineer – CHEK News

Investment Specialist Associate – Scotiabank

Licensed Practical Nurse (LPN) – Berwick Retirement Communities

Buyer – ColdStar Solutions

Senior Communications Officer – Ocean Networks Canada

Operations Manager, Events and Catering – Truffles Catering

Chamber Job Board 

Member to Member Discounts

Ooh La La Cupcakes + Cakes - 10% off any order over $50

Resthouse Sleep - 10% off all regularly priced items at Resthouse

Scale Collaborative - Get 50% off Thriving Non-Profits Training!

Iyengar Yoga Centre of Victoria Society - 15% off your first 2-month term of classes

The Reviving 5000 Years of Civilization Society - $10.25 off Shen Yun tickets

View all Member to Member discounts

Members can post Coupons and Discounts free

Welcome to our Newest Members! 

250-383-7191 
victoriachamber.ca
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