Major City Insights: Victoria—May 2023

Victoria, Victoria British Columbia, BC, Fisherman's Warf

Major City Insights: Victoria—May 2023

13 min read

Author: The Conference Board of Canada


This publication focuses on the Victoria metropolitan economy.

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This quarter, we look at how higher interest rates are being felt throughout much of Victoria’s economy.

To what extent will the local economy’s concentration in the stable public sector keep the economy afloat? Will reduced purchasing power for consumers and higher borrowing costs for businesses dampen domestic demand be enough to push the city’s economy into a recession? We share our outlook for Victoria’s economy, including GDP, employment, and population growth.

Read the online experience to get our full analysis.

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