By Nishadini Fonseka, Victoria News
A report released in September 2025 by South Island Property Partnership said that Greater Victoria is at a tipping point, warning that without “urgent and coordinated action”, the region’s economy risks falling into further stagnation. Jason Colby, a professor of marine environmental history and U.S. international history at the University of Victoria, outlined Greater Victoria’s economic potential, challenges and strengths. He described Greater Victoria as a region filled with creative and hardworking people with great potential. However, he pointed out that they face a business climate that is often unfriendly to entrepreneurial growth, with increasing costs, regulatory obstacles and limited access to the national market making it difficult to scale and succeed.
