Vancouver Island Economy.


We are living in the most beautiful place on earth, yet the current economy is making us very weary. Where does Vancouver Island stand in the big scheme of things? You'll be happy to know - not too shabby! Here are some stats and facts on the economy here on this lovely rock.

Average Household Income in Victoria
-$67,000

Average cost of a home in Victoria
-$588,826

Average monthly rent in Victoria (based on a 2 bedroom)
-$900

Average vacancy rate in Victoria
-0.5%

Victoria has the highest homelessness rate with approximately 1500 homeless residing in the city, Nanaimo is in second with about 300.

Unemployment rate on Vancouver Island is 4.5%, which is lower than the national average of %6.

Employment by Sector:

Retail/Wholesale trade: 17%
Health Care/Social Assistance: 14%
Construction: 9.5%
Accommodation/Food Service: 8.4%
Educational Services: 6.8%
Public Services: 6.6%
Finance, Real Estate, Insurance and Leasing: 6.1%
Professional, Scientific and Technical Services: 5.8%

Comments

Anonymous said…
We don't need no stinkin' jobs on Vancouver Island, or BC for that matter. Just practice el Gordo's economic strategy; DENIAL.
November 24, 2008 at 6:14 PM
Anonymous said…
I really like when people are expressing their opinion and thought. So I like the way you are writing
February 20, 2010 at 12:10 AM
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