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The start of a new year is an opportunity to reflect back and look ahead. Chamber CEO Bruce Williams has been speaking to media about some of the experiences, challenges and opportunities facing business right now.
For example, the winter weather that blitzed Greater Victoria right before the holidays caused havoc for travellers but shoppers still found a way to get their gift buying done in time. Retailers reported a better than expected experience at their cash registers, though part of that seems to be an ongoing shift in consumer habits. “They’re spending a little bit more but buying less. In other words, going for quality over quantity,” Chamber CEO Bruce Williams told CHEK News. As well, news that Canada set a record for immigration numbers was welcomed by businesses that continue to face challenges finding and keeping workers. Black Press highlighted The Chamber's efforts to encourage more new Canadians to settle in Greater Victoria, as well as faster approvals for skilled workers. “They bring their skills but another really important element is they bring their culture,” Williams told the Victoria News. “The more opportunities we have to learn more about other cultures, the better we are.” Doctors, tradespeople and hospitality workers are needed and our economy will immediately benefit from approving people with internationally obtained skills to work in their areas of expertise. “The lack of recognition of those credentials is kind of counterproductive to bringing someone here (because of) those credentials if they can’t work,” Williams said.
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Finding and keeping workers has been an ongoing challenge facing every sector and almost all employers in Greater Victoria and across the country. We need a larger workforce to enable organizations to reach their economic potential. One of the key solutions is to welcome more new Canadians to our region. Last year, Canada set a record for immigration as 431,645 people became new permanent residents — the most since 1913. The target for 2023 is 465,000.
Canada's labour force growth is almost 100% dependent on immigration. The Chamber has been working with community partners and our national network to advocate for immigration that prioritizes workers with skills needed by employers. We're also working to ensure Greater Victoria receives its fair share of immigration, which typically gravitates to Canada's larger cities. Greater Victoria continues to have one of the tightest labour markets in Canada. The latest numbers from November show our unemployment rate is back to 3.5%, according to Statistics Canada. That's down from 4.3% in October and closer to where the region typically was before the pandemic.
"We know there is work in our region and that makes us attractive to ambitious people who want to move here and build their careers," Chamber CEO Bruce Williams said. "Our regional economy benefits from having the stability of BC government jobs as well as CFB Esquimalt. However, we still need to address housing supply in Greater Victoria to make sure we can retain people who want to work here and contribute to our community." There is some good news on that front as new construction jobs appear to be driving the lower rate. There were 18,400 people employed in construction this November compared to 13,500 in November 2021. Businesses that service the real estate industry are a major contributor to Greater Victoria's economy. However, rising interest rates have slowed sales. Throw in the traditional quiet period around the holidays and fewer properties are changing hands. Only 384 sales were recorded in the region for November, down from 653 last November.
There are also concerns about potential unintended consequences of recent changes to the provincial Strata Property Act. "It is an open question whether these changes will bring any additional rental stock to the market — with BC's complex Residential Tenancy Act not all homeowners of vacant strata homes have a desire to become landlords and current interest rates are less attractive to investors who may want to purchase strata rental properties," Victoria Real Estate Board President President Dinnie-Smyth said in a news release. "It is also possible that these measures will contribute further to eroding housing affordability as older stratas with rental restrictions were generally valued lower than their rentable counterparts." Slower sales have also contributed to a slight dip in market values over the last few months. That could mean some property assessments — being sent out soon to homeowners from BC Assessment — will be higher than current market value. “I want to emphasize that assessments are based on July 1 values of this year, meaning that when similar properties were sold up to and around July 1, those market value sales are used to calculate your assessed value," Assessor Bryan Mura said in a news release. “An increase in assessment value does not, however, necessarily result in an increase in property taxes. Taxes are typically only affected if you are above the average value change for your community." A pair of announcements over the last week offered good news for efforts to find and keep workers in Greater Victoria. On Nov. 16, the federal government listed changes to the types of jobs considered high demand. Sectors such as health care, construction and transportation will benefit from having 16 new occupations included under the Express Entry system.
Meanwhile, BC announced today a plan to encourage more skilled immigrants to settle outside of the Lower Mainland. That should help regions such as Greater Victoria. The incentives give candidates in the Provincial Nomination Program a higher priority if they have worked outside of Metro Vancouver. The same priority will be given to recent grads of post-secondary schools outside of the Lower Mainland. A plan to increase the number of people immigrating to Canada is a step in the right direction. Employers are facing a challenging labour market as demographic forecasts show a growing number of job vacancies in the years ahead. The federal government's new plan, announced Tuesday, will see immigration increase by almost 1.5 million over the next three years.
"I think employers in Greater Victoria still want to see details about how the Express Entry system will work to ensure newcomers have the skills needed to fill open positions," Chamber CEO Bruce Williams said. "There are also questions around how the Provincial Nominee Program might help settle new Canadians in Greater Victoria." The Chamber has worked with our national network to call for better recognition of credentials so that people who choose to live in Canada are able to continue careers they've trained for. We all benefit from the addition of skilled professionals who can make immediate contributions to our economy. Immigration event for employers Immigration, Refugees and Citizenship Canada is offering a virtual learning series to help employers learn more about Canada’s economic immigration programs. There are four sessions and you can attend as many as you want. Topics include an overview of outreach services for employers, the benefits of hiring global talent and an introduction to work permits.  On Monday, Sept. 5, a shameful moment in Greater Victoria's history will be commemorated with a walk and an official apology.
The ceremony marks the 100th anniversary of the decision to segregate Chinese students up to Grade 7 in Greater Victoria. On July 27, Alan Lowe, chair of the Victoria Chinatown Museum Society, appeared before the current board of the Greater Victoria school district to ask for a formal apology. The Chamber is also hoping to formally apologize at this time for the role our organization played in advocating for this discriminatory action. "I want to acknowledge The Chamber’s role in supporting the racist and non-inclusive statements and practices of that time in our history, and I apologize unequivocally," Chamber CEO Bruce Williams said. "And I promise we will continue working to be welcoming of all businesses so we can better represent the true diversity of our region." The Chamber was founded in 1863 to promote investment in our region. "Over the course of our history in Greater Victoria, there were times when we did the wrong thing. We acted with indifference or even encouraged discriminatory practices," Williams said. "This was the case with segregation of Chinese students, which had the insidious intent of making it harder for the Chinese community to live and work here. It was racist and it was wrong 100 years ago." Today we know that diversity is what makes all of us strong. We also know we need more than just words. To that end, The Chamber has created a committee to promote Inclusion, Diversity and Equity. The fastest-growing region in Greater Victoria is getting a new post-secondary campus. The province announced today it was contributing $77 million toward the $98 million project that will see Royal Roads University, the University of Victoria, and Camosun College join forces as part of a group of educational providers at the campus.
Located in the City of Langford, the five-storey mass timber building will make it easier for students from the West Shore to attain a post-secondary education. The facility is expected to open in 2024 with 600 students, and expand to 1,300 students by 2036. The provincial government's latest attempt to attract new family doctors to BC is a good start, but more innovations are needed to make a real difference.
Many regions in BC, including Greater Victoria, are experiencing a challenge finding and keeping general practitioners. The province has offered a $25,000 bonus to any new family medicine residents but, so far, none have taken the bait. "We've met with recruiters who tell us there needs to be a change in the administrative burden that doctors are expected to take on," Chamber CEO Bruce Williams said. "People become doctors to help others — not to deal with the extensive paperwork and burden of operating a highly regulated business. There are some truly innovative concepts being proposed that will help, but they need to be supported by government." The Chamber will continue to advocate for improvements to healthcare delivery, especially making sure families have access to doctors and appropriate care in Greater Victoria. Greater Victoria's business community has a well-deserved reputation for its compassion and generosity.
The Chamber is hearing from members who want to help people fleeing the ongoing war in Ukraine. "We're connecting with our national chamber network and have reached out to the federal minister of immigration," Chamber CEO Bruce Williams said. "We want refugees arriving in Canada to know that Greater Victoria is a welcoming community." Canada has approved more than 91,000 of the 204,000 applications it has received through the Canada-Ukraine authorization for emergency travel process. Less than 2,000 will likely be re-located to Vancouver Island. However, those that do will need housing and, in many cases, jobs to help them integrate into our community. The Chamber is working with our community partners to identify potential opportunities for billets or temporary housing. Employers in Greater Victoria can help by posting any job openings to a special federal job bank for Ukrainian refugees. "We know many of our members have opportunities for skilled workers and we will do everything we can to try and provide stability for Ukrainians who have been forced to flee their homeland through no fault of their own," Williams said. A move to make it easier for skilled workers from other countries to continue their career in BC is welcome news.
On Tuesday, the province announced it will provide $12 million to help internationally licensed nurses get to work. It typically takes years for foreign-trained workers to get the recognition required to fill vacant positions in BC. The new funding will consolidate various assessment processes, provide bursaries for internationally educated nurses and raise awareness about the process. Nurses have been in high demand due to the pandemic and other health care challenges facing the province. There are also many other internationally trained workers who could help BC employers fill openings if a similar approach is taken. "The Chamber has been asking for a streamlined process to recognize people who have the skills needed for BC jobs," Chamber CEO Bruce Williams said. "We know employers in Greater Victoria need solutions to help them find and keep employees, and we hope this announcement serves as a model for other trades and professional skills in high demand here."  Renowned lawyer Ron Lou-Poy — one of the inaugural inductees into The Chamber's Business Hall of Fame — has died. He was 88.
All of us at The Chamber want to express our deepest condolences to Lou-Poy's family and the many people who were touched by his generous spirit in life. We are deeply grateful for the role he had in making our community a vibrant, inclusive and caring place to live. We hope the many happy memories of Lou-Poy's well-lived life can soothe some of the sadness. The provincial government has passed legislation bringing in the controversial Skilled Trades BC Act. The hope for the plan is that it will address critical labour shortages, but there are some serious concerns being voiced by industry.
The current plan is focused on skilled trades certification that "will require people to register as an apprentice or be a certified journeyperson to work in one of the 10 initial mechanical, electrical and automotive trades." Good intentions are admirable but there are structural issues that likely need to be addressed if the program is to succeed. We need more investment in trades training so there are spaces available for people who want to learn skilled trades. And the business community needs to be included in the conversation so that innovations being used by industry are part of the strategy. We all share the goal of building up our skilled workforce and don't need inefficient bureaucracy to impede progress from being made. February marks Black History Month and a chance to learn more about the stories, struggles and accomplishments of Black Canadians. Here's a look at some events happening around Greater Victoria.
As a positive step toward being the region's most diverse and influential business association, The Chamber launched a new committee this year. Initially known as the Committee for the Advancement of Diversity and Inclusion, one of its first decisions was to change the committee name to the Inclusion, Diversity and Equity Advancement (IDEA) Committee.
The committee's mission is to foster diversity and inclusion and break through biases to achieve equity, which will only strengthen our business and community connections.
February marks Black History Month and The Chamber strongly encourages everyone to learn more about the stories, struggles and accomplishments of Black Canadians.
There have been Black communities in BC since 1858. In that year, Nancy and Charles Alexander were one of the first Black families in Greater Victoria. The Alexanders settled on the corner of what is now Douglas and Fisgard streets before relocating to the District of Saanich, where they farmed for 33 years and raised 10 children. Charles built the first school house in the area and served as a school trustee. Finding and keeping workers continues to be a major challenge facing employers. The restaurant and hospitality sector estimates it's heading into a new year without 20% of the staff needed.
To try and help ease the crunch, the BC Restaurant and Food Services Association has asked the Provincial government to exempt BC employers from requiring a Labour Market Impact Assessment for the next two years. The Chamber supports this move as well as a request that the federal government speed up the process to allow foreign workers to come to BC. Chamber announces first chair of new Committee for the Advancement of Diversity and Inclusion8/25/2021 Richard Michaels has been named chair of the Greater Victoria Chamber of Commerce’s newly formed Committee for the Advancement of Diversity and Inclusion. The committee will reach out to better include communities that have faced systemic marginalization due to race, ethnicity, gender, physical capabilities or other factors.
“I am proud to be the first chair of this new committee, which recognizes that the demographics of Greater Victoria are evolving and that adapting to this change is fundamental to the sustainability of our region’s economy,” said Michaels, president of MACCRIM Solutions and a member of The Chamber’s Board of Directors. “The Chamber is working to create a diverse, equitable and inclusive environment that engages businesses owners and entrepreneurs who reflect the full spectrum of our region. This strengthens our organization and ensures everyone in our region’s business community is represented by The Chamber.” The purpose of the Committee for the Advancement of Diversity and Inclusion is to offer advice and guidance to help The Chamber create a more inclusive and welcoming business community. The mandate is part of the work the organization has been doing to achieve its vision of being “the region’s most diverse and influential business association.” In June, The Chamber also announced the creation of an Indigenous Business Task Force to work toward reconciliation by engaging with Indigenous-owned businesses and First Nations to ensure they have access to all opportunities available to help them flourish. “As we emerge from the pandemic, we know things will not be as they were before it started,” Chamber CEO Bruce Williams said. “This is the time to take what we’ve learned from successfully adapting to challenging times and make our economy more sustainable. Good business really does build great community for all.” Finding staff is a major challenge for businesses, especially in the hospitality sector. The issue is affecting businesses across the province, and, on the Sunshine Coast, one group seems to have found a temporary solution. Coasters helping Coasters is a group of mostly retired seniors who are filling in at restaurants and cafes in Sechelt. Their aim is to help keep their businesses open, but they say the idea could work anywhere.
What do you think about seniors stepping up to help fill vacancies in Greater Victoria? Tell us your thoughts and share your solutions by emailing communications@victoriachamber.ca. Greater Victoria employers continue to struggle finding and keeping workers, and The Chamber continues to advocate for help. With limited immigration during the pandemic, Canada experienced its slowest population growth since 1916. That is expected to change this year, as the federal government has increased immigration targets for 2021, 2022 and 2023.
Greater Victoria employers will also get some relief with the return of post-secondary students to our region this fall. "Finding and keeping workers was an advocacy priority before the pandemic and will be even more so as we emerge from restrictions and the economy recovers," says Chamber CEO Bruce Williams, who recently spoke to CBC and CFAX about this issue. Many employers in Greater Victoria already pay above minimum wage but will continue to face challenges as our region also deals with a limited supply of affordable housing and child care. "We're working with our partners and government to address the housing shortage and challenges with child care," Williams said.  Greater Victoria Chamber of Commerce CEO Bruce Williams has been named to the inaugural Canadian Chamber of Commerce BIPOC and Inclusion Council.
Diversity initiatives across the country are playing a part in creating a more socially inclusive economy. Small businesses play an important role, but often don’t know where to start. "Chambers are experts at building connections and bringing people together," Chamber CEO Bruce Willams says. "We talk about being more inclusive and diverse, and we also need to walk the walk by hearing directly from voices and lived experiences that will guide us in making meaningful change." The new council will inform the Canadian Chamber’s initiatives in supporting BIPOC, drive meaningful action to address the identified challenges and opportunities BIPOC face in participating in the Canadian economy, share and recognize best practices and advocate for changes that facilitate diversity and inclusion. The Chamber has repeatedly advocated that inclusion is a key economic driver. Across Canada, improved participation rates could add 2.2 million workers to the labour force by 2040, including more women, Indigenous peoples and persons with disabilities, thereby growing our economy by $101 billion. The pandemic has made it clear that affordable and accessible child care is needed to ensure employers can access the talents and skill sets of parents. Last week, the federal government announced that BC will receive $3.2 billion over five years to improve access to child care for kids under six years old. The provincial and federal governments say they are working toward $10 per day child care, with BC also committing another $2.5 billion over three years. The agreement is expected to lead to 40,000 new child care spaces in the next seven years.
"Studies show that for every dollar invested in early childhood education, the broader economy receives between $1.50 and $2.80 in return," states the federal government news release. The Chamber is hearing concerns from the construction industry about the provincial government's introduction of compulsory trades training. The goals and intent of the plan raise more questions than answers.
BC's construction industry is critical to our economic recovery, and we call on the province to do better at consulting with key stakeholders. We also agree with our partners in the industry that there has been a lack of evidence showing how the proposal will work. Construction employers, as with all industries, are already struggling to find workers and we can't risk red tape impeding the creation of jobs or the work being done to increase housing in our region. “You don’t attract more people to the trades by closing the door to get into them and forcing contractors to navigate a sea of red tape,” Chris Gardner, president of the Independent Contractors and Business Association of BC, told the Vancouver Sun. The Chamber has submitted a request to speak to BC's Select Standing Committee on Finance and Government Services. The annual process helps the provincial government plan for its next budget.
As our economy takes flight and the pandemic recedes from view, we need government to focus on being fiscally responsible and enable growth to be led by the private sector. Government has tools to encourage an increase in housing supply and more efficient transportation options for our region. We need to attract more workers and keep them here. Immigration will be key. And we need to do better at including Indigenous businesses and workers. Another focus will be on investing in economic opportunities that create jobs and improve food security as one way to mitigate climate change through innovation. Do you have questions or concerns about the next provincial budget? Send us your thoughts at communications@victoriachamber.ca. On Monday, The Chamber celebrated National Indigenous Peoples Day on social media, and we continue to look for new ways to support Indigenous-owned businesses in Greater Victoria.
Next week, we will announce a special initiative to help more Indigenous businesses benefit from being part of our region's business community. The Chamber is committed to being an inclusive organization and making sure we live up to our vision of being the region’s most diverse and influential business association. |
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