Victoria, BC Overview With its unique location on the southern tip of Vancouver Island, Victoria offers a welcome ...
Victoria, BC Overview
With its unique location on the southern tip of Vancouver Island, Victoria offers a welcome setting for employers, investors and job seekers. Its natural wooded and aquatic surroundings mean many of Victoria's most successful industries focus on natural resources. In proximity to Vancouver and Seattle, this city is also well positioned for tourism.
Quality of life is high in Victoria, and the city actively addresses its challenges, including appealing to a younger population, adjusting to shifts in resource demands, and pursuing greater self-sufficiency. The consumer price index in Victoria is 119 and increases at about the same rate as the city's inflation rate.
Victoria, BC Job Opportunities
The economy in Victoria and throughout British Columbia has long focused on the province's natural resources. Traditional resource-based industries, such as mining, forestry and fishing, continue to employ skilled professionals, as do more contemporary industries, such as oil and gas extraction.
The service industry also creates many jobs in Victoria BC, including public administration jobs, health care positions and educational services roles. These service-focused jobs are likely to increase in the near future, as the city strategically shifts its specialty away from a resource economy and toward a knowledge economy.
Victoria, BC Employment Trends
Unemployment rates in Victoria, BC, have remained around six per cent since early 2014. Early 2015 reveals a slight increase in unemployment, but the city's rate is still below the national average of 6.8 per cent.
In the greater Victoria area, nearly 150,000 job openings are expected through 2022. About one-quarter of these openings represent new opportunities, while about three-quarters replace aging workers. Overall, the Victoria area expects a 0.8 per cent increase in worker demand each year, with most new openings in healthcare, nursing and therapy. Professional nursing is one of the highest paying jobs in Victoria, BC, with an average rate of more than C$36 an hour.