As the provincial capital, Victoria is a small powerhouse with an innovative business environment and a resilient economy.
Economic Health Report
The Economic Health Report provides a regular snapshot of business activity and economic conditions in Victoria. It brings together key data on construction, business licensing, downtown activity, vacancies and tourism to show how the local economy is performing.
Each report compares current data to the same period in the previous year to help track changes over time. Together, these updates provide a clearer picture of where activity is strong and where pressures remain.
Economic development in Victoria is guided by Victoria 3.0 – Recovery Reinvention Resilience, the City’s Economic Action Plan. Victoria 3.0 accompanies the City’s Official Community Plan to 2041. It’s a long-term plan and vision for a sustainable, influential city that will build a strong innovation system and create a strong and resilient economy now and for the future. The actions laid out will build an economy that enables everyone to flourish and set Victoria on a path to low-carbon prosperity.