Business Examiner Victoria - March 2020 by Business Examiner News Group

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MARCH 2020

VICTORIA Lloyd Maltby Design for Private Residences to Corporate Offices

Victoria

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Waymark Architecture Build Foundation On Environmental Ethics

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VICTORIA Saanich Rentals Has Rented and Sold Equipment For Over 50 Years

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INDEX News Update 2 Digital Marketing 5 Great Victoria 6 West Shore 7 Citified 18 Who is Suing Whom 19 Movers and Shakers 21 Opinion 26 Contact us: 1-866-758-2684

OUR 31TH YEAR

A Green Design Philosophy And Deep Dive Customization Create Unique Client Experiences

IC T OR I A – Way ma rk Architecture is on a mission to m a ke a f utu re with net zero carbon buildings, both new and old, a reality. “Last year we brought the first Passive House office building to Western Canada, with Charter Telecom’s new headquarters in Langford,” says company Co-Founder Graeme Verhulst. “Its design reduces the heating and cooling needs you’d see in a standard office building by ninety-percent.” Fou nded i n Victoria’s h istoric Chinatown in 2015, the expertise-driven, ecologically mindful company embraces the future of cleaner, greener, SEE WAYMARK ARCHITECTURE | PAGE 9

CDG Coastal Dynamics Group Ltd Brings Tech and Opportunity to Langford A New Production Facility For Their On-Water Safety Tech Opens Its Doors In May

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From left, Will King, Christina Lenic, Graeme Verhulst and Kyla Tuttle, the creative quartet behind Waymark Architecture

ICTORIA - Since 2008, CD G Coa sta l D y n a mics Group Ltd, a design, manufacturing and R&D firm, has specialized in providing highly engineered, premium shock-absorbing seating for extreme water use in high-end com mercia l watercra ft, a nd for state and local maritime

a gencie s, Ca n a d i a n A r me d Forces, the United States Navy and Coast Guard. Headquartered in Victoria with a satellite office in the United Kingdom, CDG’s rapid growth has demanded a need for expansion, with a new 14,600 square foot product ion a nd i nventory center in Langford set for

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completion in May 2020. This expansion is expected to bring new local jobs to the Langford area, as production capacity increases to meet demand. T he new location w i l l a lso allow CDG to transform their original Victoria location into a hub for innovation, dedicated to prototyping, engineering and

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testing the latest shock mitigation solutions. “We are thrilled about the expansion,” says Ray Cao, CDG President and CEO. “Physically differentiating the production, prototyping and testing area will encourage more streamlined SEE CDG COASTAL DYNAMICS | PAGE 11

NEWS UPDATE

MARCH 2020

VICTORIA Cuboh Secures $1.6M in Seed Financing

Inez Louden, FRI Associate Broker 250-812-7710 inezlouden@telus.net Pemberton Holmes – Sidney 107 – 2360 Beacon Avenue Inez was raised in a family of 6 children and was taught to work hard, do the best she could and always work honestly and ethically. “My Grandfather, who lived with us in his last years, told me to treat others as I would want to be treated – but do it first.” In honour of her Grandfather, and in keeping with the way she was raised, Inez has always tried to follow this one simple rule in life. Inez believes education and staying current on changes in the real estate industry is very important in representing, and providing. the best service to her clients. Her FRI (Fellow of the Real Estate Institute) and Associate Broker designations, plus membership in the Real Estate Institute of Canada and Better Business Bureau are part of her education achievements. “I love my job and have been very fortunate to have met so many wonderful people who have referred me to their family and friends”. If you are thinking of making a real estate move, give Inez a call at 250-812-7710 and put her 31 years of experience and knowledge to work for you.

Cuboh announced it has secured $1.6 million during its seed funding round of financing. The round of funding was participated i n by compa n ies including Altair Capital, Good News Ventures and Dash40 Ventu res. T he compa ny a lso received investment from Y Combinator last summer, the famous seed accelerator that has also invested in companies like Airbnb, Stripe, Caviar, Dropbox and Doordash. Cuboh is an online o rd e r i n g s t a r t u p t h a t integrates delivery applications like Uber Eats and Doordash with point of sale systems in restaurants across North America. The investment will help the company expand its sales and marketing operations and accelerate product development. “As a seed round, this investment proves that w e f o u n d p r o d u c t-f i t rather early and we cont i n u e d c re a t i n g g re a t technology. As a matter of fact, investors oversubscribed to this round, a s l a te i n v e s t m e n t b y Dash40 Partners was accepted. T hey [Dash40] had an expertise and network we just couldn’t pass on.” sa id Juan Orrego, Cuboh’s co-founder and CEO. Cuboh’s solutions include both software and ha rdwa re (na mely on tablet devices) that integrates in real time with the restaurant’s point of sale system and facilitates the restaurant’s presence on an increasing number of delivery applications.

SAANICH Fire Station Prepares for Redevelopment Saanich Fire Station No. 2 is planned to be redeveloped into a new two-storey environmentally friendly facility, complete with a solar panel covered roof. The fire station has been located in its current building on Elk Lake Drive for over 40 years and has since outgrown its space. T h e S a a n i c h M u n icipality determined the building requires seismic upgrades and that more

space will be required to ensure the crew’s safety and ability to properly deliver emergency services. Council approved the redevelopment and $26.6 million in funding for the project back in May 2019. T he new fire hall w ill i n c l u d e a t w o - s t o rey, 22,000-square-foot building that will include indoor parking spaces for eight fire trucks and an expanded training yard. T he building will be constructed from mass ti mber a nd w i l l have a flat roof designed to hold solar panels to power the building. This will ensure the building meets qualifications for BC Energy Step Code level 2 for commercial buildings, achieve LEED gold certification and have net-zero energy consumption. C o n s t r u c t i o n i s e xpected to begin in 2021 and be completed in 2023.

LANGFORD City Announces New Bike Park At a recent announcement held at City Centre Grille, the City of Langford a n nou nced that it will be home to the new Jordie Lunn Bike park this fall. T he bi ke pa rk located at Irwin Road and Irwin Ponds Park will contain a three-kilometer-long world cl a ss cyclocross course designed by Wheelhouse Cycling Society a nd c on s t r u c te d by Bill McLane of Workh o rs e T ra i l D e sig n . I t will also be home to an international level pump track with intermediate and beginner levels designed and constructed by Velosolutions. The course will include t h re e s e c t ion s of bi ke ju mp r u ns ser v i ng beg i n ner to ex pert riders and there will be a bike skills area for beginners to those with intermediate skills. The park will also feature a clubhouse fo r W h e e l h o u s e C y cling Society which will contain meeting space, w a s h ro o m s , s h o w e r s , bi ke wash stations a nd storage. T he park is named after cycling legend Jordie Lunn who had a significant impact on the global cycling community and b u i lt m a ny bi ke pa rk s and trails over the years across Vancouver Island. Jordie passed away in 2019

as a result of a mountain biking accident while riding in Cabo San Lucas. The park will also serve to hos t f ut u re cycl i n g events, from grass roots c o m p e t i t i o n t o w o rl d class racing.

LANGFORD Performing Arts Centre Planned for Langford The City of Langford has signed a memorandum of understanding with the Maritime Museum of BC to partner in construction of an $87 million performing arts centre and museum. T he pla n ca l ls for the Museum to have an 80,000-square-foot b u i ld i n g i n a c omple x that would include a 1,200-seat perform i ng arts theatre, conference centre and office tower. The centre would be built on McCallum Road across from Costco in Langford. The Maritime Museum has been tempora ri ly leasing a 3,000-squarefoot space on Humboldt Street since it was forced to leave its Bastion Square home i n 2015. T he museum was forced out of its long-time residence in the Bastion Square building after it was deemed to be unsafe. T he pla n ca l ls for the municipality to provide the land and services to pay for the $30 m illion theatre via amenity fees charged to developers and fundraising. The museum would then be responsible for financing the $57-million exhibit space. Once complete, the museum would lease the office tower of the complex, which could allow the museum a chance to establ ish a susta i nable business model. Since the museum now has a potential home, they can begin approaching the federal gover n ment a nd ot her possible contributors to discuss funding.

VICTORIA Checkfront Closes $9.3M Funding Round Victoria-based technology company Checkfront a n nou nced the closi ng of a $9.3 million Series A investment round. T he SEE NEWS UPDATE | PAGE 3

NEWS UPDATE

MARCH 2020

NEWS UPDATE CONTINUED FROM PAGE 2

round was led by Framework Venture Partners, with participation from PenderFund Capital Management Ltd., Royal Bank of Canada and Conconi Growth Partners. Checkfront will use this round of financing to accelerate new product development, invest in talent acquisition, expand sales and marketing efforts, and drive further innovation and growth through strategic partnerships. “I am proud of what we have achieved to date, with so little outside capital,” says Jason Morehouse, CEO of Checkfront. “It has given us great joy to see so many operators grow with us, and we promise to continue positively impacting the travel experiences industry. This marks an amazing moment in our journey—for both Checkfront and our community— and we look forward to seeing our vision come to life—to make the world’s most fascinating experiences bookable online.” Fra mework Fou nd i ng Partner Andrew Lugsdin w i l l joi n Che ck f ront’s board of directors as part of this financing. “Over 40 per cent of operators worldw ide st i l l do not a l low for on l i ne bookings or have the ability to check their inventory in real-time,” says Andrew. “We see a great opportunity in the market for a large i ndependent platform, and we have confidence in Checkfront’s ability to successfully power tour and activity operators at scale.” Checkfront is a booking m a n a gement pl at for m that allows tour and activity operators to process pay ments, accept reservations, track customers, sign waivers and documents and simplify operations. The company launched in 2010 and has since grown to more than 5,000 customers in over 120 cou ntries a nd processed over $5.5 billion in online bookings.

VICTORIA RaceRocks Awarded Navy Digital Training Contract RaceRocks3D Inc. has been awarded a contract to implement the Royal Canadian Navy’s (RCN) distributed learning program

over the next five years. The contract will see the company develop technology tools for modern distributed learning and deliver a system that inte g ra te s t h e h e r i t a ge , ethos and philosophy of the RCN. The work will support the RCN’s overarching Digital Navy Initiative to enhance the quality of professional development and ensure that Navy personnel have the tools and capabilities needed to leverage the tremendous opportunities of rapidly evolving digital technologies. “This is such an exciting time for the Navy and RaceRocks as we develop innovative ways to empower people,” said Anita Pawluk, President of RaceRocks. “We believe the heart of naval forc e generat ion i s it s people. Our passion is to align learning with the way people think, work, and play; striving to make learning seamless across career and life.” The new contract provides RaceRocks with the opportunity to continue to build upon this success and further enhance the training systems for the RCN. “We’re building on the successes of our fouryear M A RTECH TEL contract w ith th is new Distributed Learning contract to bring innovative digital learning solutions to the RCN and be an industry partner to deliver on its digital strategy initiatives” says Pawluk.

VICTORIA GVHA Refocuses Development Plans The Greater Victoria Harbour Authority (GVHA) is planning on reprioritizing their development plans to focus on environmental in itiatives includ ing i nsta l l i ng shore power for cruise ships at Ogden Point. The harbour authority subm itted a request to the City of Victoria for an extension to the process for the Master Pla n for The Breakwater District at Ogden Point. The Master Plan has a vision for Ogden Point that includes a hotel, stores, cruise-ship and other marine services, walkways, First Nation art displays and more. T he plan was unveiled in 2016 after a decade of planning and would take decades to realize and cost over $300 million.

The decision to refocus on environmental initiatives means the GHVA will not pursue development at Ogden Point until December 31, 2025. The GVHA’s decision to pursue installing shore power will see the organization determine the feasibility, create a business case and seek out funding sources for the project. By installing shore power at the terminal, the harbour aut hor it y e s t i m ate s it would significantly reduce emissions and greenhouse gas emissions both for the entire cruise and while vessels are in port. GV H A has engaged g loba l i n f rastr uctu re advisory firm Moffatt & Nichol to develop the full business case for the Victoria Cruise Terminal. The work will be completed by mid-year. “Our organization rem a i n s fo c u s e d o n t h e long-term v iabi l ity for The Breakwater District at Ogden Point, but it is clear that we need to first focus on these areas of environmental sustainability before pursuing any short or long-term development to the site,” said Ian Robertson, CEO of the GVHA. The harbour authority is also planning on collaborating with the federal government to conduct f u r ther env i ron menta l examination and remediation of the deep-water facility. A press release p u bl i s h e d re c e n t ly b y GVHA also calls for refurbishing existing facilities to improve environmental and operational footprints.

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PORT ALBERNI Western Forest Products Inc. Announces Sale To Huu-Ay-Aht First Nations Western Forest Products I nc . a nd Huu m i is Ventures Limited Partnership, a limited partnership beneficially owned by Huu-ay-aht First Nations, have reached an agreement whereby Huumiis will acquire a majority ownership interest in TFL 44 Limited Partnership and an ownership interest in a newly formed limited partnersh ip t h at w i l l ow n t he Alberni Pacific Division Sawmill for total consideration of $36.2 million. SEE NEWS UPDATE | PAGE 4

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4 NEWS UPDATE CONTINUED FROM PAGE 3

The key details of the Transaction are summarized below. TFL 44 Limited Partnership • TFL 44 LP (Limited Partnersh ip) hold s cer ta i n assets in Port Alberni, including Tree Farm Licence 44 and other associated assets and liabilities; • Huumiis will acquire an incremental 44 per cent ownership interest in TFL 44 LP from Western for $35.2 million; • O n c o m p l e t i o n o f t h e transaction, Huumiis will own 51 per cent of TFL 44 LP and Western will own 49 per cent of TFL 44 LP; • Western may sell other a rea Fi rst Nations, i ncluding Huumiis, a further incremental ownership interest of up to 26 per cent in TFL 44 LP, under certain conditions; • Western and TFL 44 LP w i l l enter i nto a longterm fibre agreement to continue to supply Western’s British Colu mbia coasta l ma nu factu ri ng operations, which have u ndergone sig n i f ic a nt capital investment over the past several years Alberni Pacific Division Sawmill • Western will transfer its

NEWS UPDATE APD Sawmill into a newly formed limited partnership along with certain other assets and liabilities; • Huumiis will acquire a 7 per cent ownership interest i n A PD L P f rom Western for $1 million, a nd subject to f u r t her negotiations; • Huumiis will have an option to purchase an incremental ownership interest in APD LP, which may include a majority interest. The completion of the Transaction is subject to satisfaction of customary closing conditions, financing, and certain third party consents, including approval by the BC Provincial Government and the Huu-ay-aht First Nations People’s Assembly. The Transaction is expected to close in the second quarter of 2020. The agreement builds on the Reconciliation Protocol Agreement between Huu-ay-aht and Western signed in March 2018 and the TFL 44 LP transaction completed in March 2019. It is a positive step towards the furtherance of Huu-ay-aht’s and Western’s framework for reconciliation and revitalization of the Alberni Region. The framework includes econom ic opportu n ities for i ncreased pa rticipation of the ot her 13 a re a F i rs t Nat ion s through increased engagement,

tenure ownership, employment and business opportunities, sustained domestic manufacturing, increased training, effective ma rketi ng a nd va lue-added product innovation, and strong environmental stewardship – all in a manner consistent with the British Columbia Declaration on the Rights of Indigenous Peoples Act.

SAANICH Saanich celebrates 20 years of Environmental Awards Nominations for the 20th Annual Saanich Environmental Awards are now being accepted. “For twenty years the District of Saanich has celebrated individuals, organizations, and businesses in our municipality for going above and beyond in doing their part to complement Saanich’s environmenta l prog ra m s a nd pol icies i n areas including climate change mitigation, biodiversity conser vat ion, wa ste reduct ion and water management”, said Councillor Rebecca Mersereau. Ref lecti ng on the twentieth a n n iversa r y of t he awa rd s, Cou ncillor Mersereau noted that, “Saanich’s long tradition of recognizing the outstanding contributions to our community

MARCH 2020

is an important part of celebrating success, inspiring future generations and acknowledging that together, we can do more.” 2020 nom i n at ion s w i l l b e considered i n the fol low i ng c ategor ies: I nd iv idu a l Citizen; Volunteer Organization; Business; Youth; Biodiversity Conservation; Long-Term Environmental Achievement and Sustainability. First held in 2000, the inaugural awards were recognized by the Victoria Foundation as part of the Millennium celebrations. Over the past twenty years Saanich has honoured recipients for their efforts in environmental stewardship and leadership, recognizing local efforts in environmental conservation and sustainability. To date, 150 winners have been involved in projects such as invasive species removal, the development of sustainable food systems, environmental education and awareness, native plant propagation, waste reduction and conservation on private property. Business awards have been given initiatives such as sustainable developments, natural areas protection and energy efficiency programs. Deadline for submissions is 4 p.m. on Tuesday, April 15, 2020. The 2020 Saanich Environmental Awards will be presented at the June 1, 2020 Council meeti n g i n t he Sa a n ich Cou nci l

Chambers.

BC BCCA Signs Agreement With eSolutionsgroup To Power Bidcentral Platform BC - The BC Construction Association (BCCA) has signed a new deal with eSolutionsGroup to supply the back-end technology powering BCCA’s construction procurement platform BidCentral. BCCA and BC’s four Regional Construction Associations have always been leaders in providing plan room services, launching the first province-wide electron ic system more tha n 20 years ago. As BidCentral, that original solution has grown into BC’s largest construction bidding marketplace, serving over 10,000 businesses specialized in ICI construction of both public and private sector projects. “This agreement with eSolutionsGroup sets the stage for BidCentral to continue serving BC’s construction community with the best platform, service, and content,” said Sue Connors, CEO, BidCentral. “We’re very excited about the powerful service we are able to provide to our members and clients.” SEE NEWS UPDATE | PAGE 8

Our Place Society: Serving Those In Need Gala Fundraiser Bring Business And Community Leaders Together

ICT OR I A – Our Place Society has i nserted a healthy portion of “fun” into their fundraising. Steven Seltzer, Ma nager of Special Events & Corporate Giving for Victoria’s largest provider of emergency food, shelter and services to people in need, has two major events scheduled for this spring that promise to be worthwhile and enjoyable. “Fundraising events are great opportunities to engage people and support worthy causes while having an amazing experience at the same time,” says Seltzer, who has been with Our Place for two years. “We want to engage the community by encouraging giving through events.” The seventh annual Hungry Hearts gala fundraiser is March 28, and features seven or eight top loca l chefs i n a cook i ng competition where attendees vote for their favourite chefs, based on what they’ll create that evening. “We’re able to bri ng business and community leaders together who enjoy gourmet food with local ingredients to support what we do, and be part of a really fun night,” Seltzer

says. ”The money we’re raising goes towards the Our Place health and wellness campaign, allowing us to have more outreach staff on hand, like paramedics, to help people in need. The more people we can help, the less end up goi ng to the emergency room.” Nex t up is a nother event named “Admired: Portraits of Women Leaders in Our Community”, which culminates in an unveiling May 9, the day before Mother’s Day. Seltzer explains local artist Elfrida Schragen is painting portraits of high profile women i n t he c om mu n it y, a nd t he paintings will be available for

“We’re the only place that provides public showers, and we have amazing professionals that come in to donate their services, like doctors, dental hygienists, massage therapists, podiatrists and others." STEVEN SELTZER OUR PLACE, MANAGER OF SPECIAL EVENTS & CORPORATE GIVING

viewing on the ground floor of The Bay Centre after the event. People can donate towards the portrait or buy them outright

for $1,000 each. Founded in 1967, Our Place Society was incorporated in 2005 as an alliance between

the Open Door and the Upper Room. It offers a drop-in shelter, outreach, education and health services. Today, it serves about 1,200 meals per day, which is over 400,000 meals each year. It provides 45 units of housing upstairs at its Pandora Avenue location, and they also manage shelters elsewhere in town. “We’re the on ly place that provides public showers, and we have amazing professionals that come in to donate their services, like doctors, dental hygienists, massage therapists, pod iatrists and others,” he adds. “We have hundreds of volunteers that support us, as people recognize the vital role we have in our community.” Seltzer adds that support from the business community is important to Our Place. “Business makes up a huge amount of the support we get,” he notes. “One of the best ways they do that is business people come in and serve a meal, and even have company staff come in as well. We’re always looking for more businesses to do that, as it helps so much.” www.ourplacesociety.com

DIGITAL MARKETING

MARCH 2020

WHY YOUR WEBSITE NEEDS AN SSL CERTIFICATE

BE DIGITAL JOHN MACDONALD

ave you ever noticed that some website URLs start with HTTP while others start with HTTPS? Maybe you’ve noticed a tiny lock icon in the top left corner of your browser? What exactly does it all mean? Websites that are HTTPS have an SSL certificate. SS-what? SSL stands for Secure Sockets Layer and is a secure protocol developed for sending sensitive information over the internet. If a website you are on has an SSL certificate, it means that the site is secure and encrypted. Any data you enter is safely shared with that website and that website only. Let’s talk technical for a second. How does SSL actually prevent information theft? When you start to break down what SSL is, you’ll discover it’s asymmetric (or public-key) encryption. This requires each party

Whether you are in the business of accepting delicate information or not, having an SSL certificate is still incredibly important to generate a public and private key pair. Imagine a padlock on a gate. Anyone can go up to the lock, inspect it, and even try to open it with their key. However, only the right key can actually unlock it. In this example, the padlock is a public key, they are visible to the general public. Private keys are exactly that, private. These private keys are used to unlock public keys. When you fill out a form on a website without an SSL certificate, the information can be intercepted by a hacker. This site would be classified as not secure. The information you submitted could be anything from a banking transaction to your credit card

information. A hacker could intercept your information in a number of ways, one of the most common is when a hacker places a small, undetected listening program on the server that is hosting a website. That program ‘wakes up’ when a website visitor starts typing their information. This listening program will begin capturing the information and send it back to the hacker. When you visit a website that has an SSL certificate, your browser will form a connection with the web server and bind to it. This connection is secure so that no one besides you and the website where you’re submitting your information can see or access it.

This connection happens instantly. There is no manual work required. You simply need to visit a website with an SSL certificate and your connection will automatically be secured. Why is SSL so important? You might be thinking, I’m not accepting sensitive information through my website! Whether you are in the business of accepting delicate information or not, having an SSL certificate is still incredibly important. SSL and SEO In 2014, Google made adjustments to its ever-changing algorithm for SEO rankings. The major change? Websites using SSL certificates. Google began and still continues to flag sites without SSL certificates as untrustworthy. Sites with an SSL certificate receive an SEO boost and will be the default result for searchers. If you want to be findable on Google, having an SSL certificate on your website is absolutely necessary. SSL and online payments If you are conducting online transactions through your website, it is imperative that you have an SSL certificate. As an online shop, it’s your primary responsibility to ensure that the information being exchanged over your online store is protected. How do you prove to your customers that their usernames, passwords, and credit card numbers

are not being revealed to malicious hackers? Having an SSL certificate! SSL and consumer trust Did you k now that G oog le Chrome is the most popular web browser? 44.5 per cent of internet users search the internet using it. On the Chrome browser, you are able to easily spot a site with an SSL certificate. Next to the URL is a tiny lock icon. If a site has an SSL certificate it shows it locked, however, if a site does not have an SSL certificate the lock will be open and red text will read ‘Not Secure’. The second a customer lands on a website that is labeled ‘not secure’, they are going to feel less comfortable browsing it, even if there is no sensitive information being passed across it. SSL certificates have become an absolute necessity for any business that wants to be perceived as trustworthy. There’s no denying the confidence and trust that an SSL certificate can provide to a site. Choosing an SSL certificate to secure a website demonstrates that a business values customer trust, which is essential to financial success, customer conversion, and business growth. John MacDonald is the Director of Business Development with the Business Examiner News Group. Call him at 604.751.0819, or email BEDigital@businessexaminer.ca.

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s federal and provincial authorities try to curtail the spread of COVID 19, businesses are doing everything in their power to comply and help prevent the spread of this new virus. Unfortunately, the reality for many businesses is that they will need to temporarily close their doors and reluctantly layoff staff. W hat this will mean to their long-term viability remains to be seen as no one knows how long this crisis will last. To support busi nesses during these difficult times, The Chamber, Destination Greater Victoria and the Downtown Victoria Business Association are urging all levels of government to provide immediate relief for businesses suffering economic consequences due to the public health measures instituted by government to combat COVID 19. Specifically, we want all governments to not charge late-filing penalties and i nsta l ment i nterest on

balances owing to government from today until COVID-19 is under control. We’re also asking that any emergency loans provided by Business Development of Canada be interest free. The loans are a key part of the federal government’s plan to help businesses get through these unprecedented times. Details are still being ironed out, including what, if any, interest will be charged. M a ny b u si ne sse s a re struggling to survive the profound loss of revenue caused by requirements for social isolation and restrictions placed on travel. Governments can help businesses facing financial uncertainty and severe cash-flow reduction by being flexible regarding the timing of, and consequences for, payment of taxes and through access to interest-free loans. For the federal government, this includes payroll instalments, GST and corporate income taxes. Payroll being the most onerous of these. For British Columbia, this includes Employer Health Tax, PST and WCB premiums. We also ask the province to remove the requirement for BC municipalities to charge

10 percent on the late payment of property taxes. Additionally, we request that Canada provide immediate access to interest-free loans to business through the Business Development Bank of Canada. The world is facing an extreme situation, and small businesses are being asked to carry a huge burden. I encourage everyone to proactively help by continuing to support businesses in your community — one idea is to purchase gift certificates that provide cash flow now, while it’s critically needed. We will get through this and I have no doubt our economy will fully recover. But it will take time and we’re still waiting to see what course COVID 19 will take in this country. Until we know, please heed the direction of our health officers. Protect your mental health by going outside, getting physical exercise and avoiding the misinformation and hysteria cluttering the facts. Stay safe and let’s all do our part to protect the most vulnerable among us. Catherine Holt is CEO of the Greater Victoria Chamber of Commerce

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ICTOR I A - T he Inn at Laurel Point has completed the primary components of a $10 million-plus renovation that has been 30 years in the making. There are still final touches required, such as a new fireplace, but the vision originally set out in 1989 has been realized. The hotel was acquired by the late Paul and Artie Arsens in 1980, who then completed an expansion of the hotel in 1989 that included the addition of the Erickson wing of the hotel. The multimillion-dollar renewal project includes an expanded lobby and saw the addition of Aura Waterfront Restaurant and Patio, meeting and event space, and gardens. This renewal project completes the vision of Inn at Laurel Point’s founders, the late Paul and Artie Arsens. “It’s an absolute joy and honour to fulfill the Arsens’ dream and realize the vision of architect Arthur

Erickson, and designer Robert Ledingham, from over 30 years ago,” says Ian Powell, Managing Director of Inn at Laurel Point. The new lobby is double the size of the former and features floor to ceiling windows and a contemporary fireplace. The lobby also features a new ‘grab & go’ that will be stocked with treats prepared by the Inn’s award-winning culinary team. The renovation also occurred in tandem with a $20-million remediation project undertaken by Transport Canada to clean up land that had been home to a paint factory between 1906 and the early 1970s. The federal government also handed over three acres of waterfront property at Laurel Point to the City of Victoria which converted the land to Peter Pollen Park. The hotel projects into the Victoria harbour and is surrounded by water on three sides and since renovations are complete, visitors will once again be able to take in these views.

The

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WEST SHORE

MARCH 2020

BUSINESS SUPPORTING COMMUNITY SUPPORTING BUSINESS

WEST SHORE JULIE LAWLOR

n Nove m b e r of l a s t year, I was approached by two of our members, Kara Ross of the Pacific Centre Family Services Association and Steven Seltzer of Our Place about a new event for the WestShore. The Coldest Night of the Year takes place in February across Canada and raises awareness and funds to tackle homelessness in our communities. It made a great deal of sense to bring the event to our community a nd t he WestShore Chamber of Commerce was happy to support it. A new event often takes time to register in people’s minds and their calendars, but this was not the case for the Coldest Night of the Year Victoria Westshore. Langford Fire Hall #1 was m ade ava i lable to kick off the event and Acting Mayor Lillian Szpak spoke on behalf of the City of Langford. City of

Colwood Mayor Rob Martin noted that several of Colwood Council and staff had come out to walk in support. Esquimalt-Metchosin MLA Mitzi Dean spoke to a cause that is near and dear to her heart. Overall, 25 businesses, government and community groups (including the WestShore Chamber of Commerce!) raised over $27,000 to support the work of PCFSA and Our Place. A special shout-out to all the WestShore Chamber members who took part in addition to t hose a l re ady mentioned: Auxilium Mortgage Corporation, Coast Capital Savings, Coastal Community Credit Union, Pacific FC, Thrifty Foods Colwood and the Westshore Town Centre. I am always so humbled by how our business community continually and constantly supports the non-profit and charitable community. It never stops – and this is evidenced by the brisk ticket sales for our Viva La WestShore 2020. Held at and supported by ou r T it le Sponsor Elements Casino Victoria, this year’s event takes place on April 24th from 7-11 pm. A fun-filled casino night with interactive games, live prize auctions, music, and cocktails & canapés, this year our event will be raising money in part to

support WorkLink’s Client Supports Fund. WorkLink Employment Society is contracted by the province to provide Wo r k B C E m p l o y m e n t Dr. Stephen Taylor is pleased to welcome Ser v ices to WestShore Dr. Brad Genereux and Sooke area residents. W h i l e , s o m e g o v e r nment-sponsored financial assistance is available to Dr. Genereux was BC Doctors of purchase specific items Optometry Young Optometrist clients need to get back to of the Year for 2019. work, some of the needed purchases are not eligible Dr. Genereux speaks internationally on for funding. WorkLink’s various medical areas of eye health. Client Supports Fund provides access to items we all need to secure a job, when no other fu nd i ng Mayfair Optometric Clinic options exist. Recipients 3196 Douglas Street often receive one of the Victoria BC V8Z 3K6 following: a gift card to +1 (250) 361-4444 a grocery store for food, mayfairoptometric.com bus tickets, prepaid phone Dr. Brad Genereux cards, or training-related needs not otherwise covSet Up a Corporate Discount Plan for your Company ered. Given t he labou r shortage, the WestShore ✔ Registering is Fast and Easy Chamber of Commerce is ✔ Contact us to enroll your company pleased to support a cause ©2017 Mayfair Optometric Clinic. v2.0 4 that will help people get ✔ Your staff book their own appointments and purchase their back to work! For more own glasses i n formation or to pu r✔ We offer direct billing to most insurance plans chase tickets to Viva La WestShore, check out our Member or Community Calendar at westshore. bc.ca Julie Lawlor is the Executive Director at the WestShore Chamber of Commerce. You can reach her at jlawlor@ westshore.bc.ca

Pacific Coastal Airlines Launch Direct Flights

ICTORIA – Pacific Coastal Airlines is launching a new non-stop f light service between Long Beach Airport in Tofino and Victoria International Airport (YYJ). Starting May 9, the airline is adding a 40-minute f light between the two communities that departs on Sat u rd ay s, le av i n g Victoria at 11:30 am and departing from Tofino toward Victoria at 12:40 pm. “We are thrilled to introduce this new service,” said Johnathan Richardson, Pacific Coastal’s Vice President of Commercial Service. “We first introduced serv ice between Va ncouver a nd Tof i no in April 2017, and we are proud to announce this expansion with the introduction of our new Victoria to Tofino flight.”

“We’re so pleased to see Pacific Coastal continue to e x p a n d t h e i r ro u te network. This is a great opportunity for visitors and local residents to visit Tofino and Ucluelet, a spectacular part of the west coast of Vancouver Island,” said Geoff Dickson, Victoria Airport Authority President and CEO. “ T h i s i s v e r y e x c i ting news for the Albern i-Clayoquot Reg iona l District, in particular the Ucluelet, Tofi no, L ong Beach Area “C” Region. The potential for expansion as traffic demand increases is fantastic,” said Kel Roberts, Director of Electoral Area “C” Long Beach. “The opportunity for scheduled passenger service, charter & cargo services to Long Beach Airport fills a need & provides very exciting market

exposure and convenience for our communities.” Customers w i l l a lso have the option of booking a flight between Tofino and Kelowna with a quick connection at the Victoria I n te r n a t io n a l A i r p o r t (YYJ).

e are a locally owned accounting firm specializing in owner/managed based businesses. We also offer advisory services and have a lot of experience in filing for SRED tax credits. We take great pride in ensuring that all our client’s needs are looked after with respect to all business matters. Looking forward to helping you grow your business, as we only succeed if our clients succeed.

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NEWS UPDATE

8 NEWS UPDATE CONTINUED FROM PAGE 4

During its 20 years in business, eSolutionsGroup has specialized in providing integrated technologies and advanced mobile applications, including their flagship product bids&tenders, to more than 300 public sector clients across North America. I n the past year, the Ontario Construction Alliance Association and its seven regional construction associations also developed their procurement platform, LINK2BUILD, using a digital procurement platform by eSolutionsGroup. “We’re thrilled that eSolutionsGroup will make it easier than ever for BC’s construction industry to conduct the business of procurement efficiently and effectively,” said eSolutionsGroup Principal and bids&tenders Product Owner Alison Carden. “We pride ourselves in providing innovative solutions in partnership with our clients to meet their unique and complex needs.” BidCentral will retain its brand name and continue to be managed by the BCCA on behalf of the four Regional Construction Associations, whose Project Services staff will continue to provide BidCentral support to members. More information regarding product enhancements and platform integrations will

be forthcoming. BidCentral will launch on the eSolutionsGroup platform by April 1, 2020.

BC Estimated Impact of the BC Speculation and Vacancy Tax The latest BCREA Market Intelligence Report: Estimating the Impacts of the Speculation and Vacancy Tax estimates the Speculation and Vacancy tax reduced home sales in taxable regions in BC by an additional 12.5 per cent compared to non-taxable regions. While all BC markets experienced sharp declines since 2018, the Speculation and Vacancy tax (SVT) is estimated to have reduced home sales in taxable regions in BC by an additional 12.5 per cent compared to non-taxable regions. Growth in home prices since 2018 is estimated to be 5 per cent lower in taxable regions in BC compared with non-taxable regions due to the SVT. However, these impacts effectively disappear if Metro Vancouver markets are excluded from the analysis, suggesting the impact of the SVT has been limited to Metro Vancouver. A recovery of home sales is underway around the province,

MARCH 2020

and without addressing sign i f ic a nt supply i ssues, a ny p ro g re s s m a d e to w a rd i mproved affordability looks to be short-lived. The SVT’s impact on the rental market also appears to be more material in Metro Vancouver, where there was a record increase in rental supply, yet it is not possible to disentangle this from impacts of the Empty Homes Tax and short-term rental regulations that were implemented around the same time.

VANCOUVER ISLAND BC Ferries Releases Third Quarter Results BC Ferries released its third quarter results for the fiscal year ending March 31, 2020. In the three months ended December 31, 2019, BC Ferries delivered over 44,000 sailings across the system. The company carried 4.8 million passengers and 2.0 million vehicles, an increase of 0.7 per cent and 1.6 per cent respectively, compared to the same quarter in the prior year. Year-to-date, the company has carried 18.3 million passengers and 7.3 million vehicles, an increase of 0.2 per cent and 1.3 per cent respectively, compared to the same period in the prior year.

The company reported a net loss of $8.3 million for the three months ended December 31, 2019, as compared to a net loss of $3.7 million reported in the same quarter last year. Yearto-date, since April 1, 2019, net earnings were $98.9 million, $5.6 million higher than in the same period in the prior year. Due to the seasonality of ferry travel, net earnings in the first and second quarters are typically reduced by net losses in the last two quarters of the fiscal year when traffic is lower and routine vessel maintenance is scheduled. Total revenue for the threemonth period ended December 31, 2019 increased by $3.2 million to $210.9 million as compared to the same quarter last year. Total revenue for the nine months ended December 31, 2019 increased by $33.4 million to $786.7 million as compared to the same period last year. The increase in revenue is mainly a result of increased vehicle traffic, retail revenue and the provincial contribution for its portion of the fare initiatives. Operating expenses increased by $7.4 million to $205.7 million as compared to the same quarter last year. For the nine months ended December 31, 2019, operating expenses increased by $27.4 million from $619.4 million to $646.8 million as compared to the same period the year

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prior. The increase in operating expenses is mainly due to higher labour costs and staffing level changes. These result partly from additional round trips from the service level adjustments as agreed to with the Province, the expanded service of the Central Coast seasonal route and increased service on the major routes to accommodate higher traffic volumes and improve the customer experience. “Last fall, the British Columbia Ferries Commissioner authorized an average rate increase of 2.3 per cent annually that goes into effect April 1, 2020 to March 31, 2024,” said Mark Collins, BC Ferries’ President & CEO. “We believe that this regulatory decision, being lower than we expected, may make it more challenging to achieve our corporate objectives, which include replacing our aging fleet, upgrading technology, providing operational resiliency and delivering improved customer service.” Capital expenditures, net of funding from the New Building Canada Fund and FortisBC, in the three and nine months periods ended December 31, 2019 totalled $92.0 million and $147.7 million, respectively. Significant investments include the new Island Class vessels, the Skeena Queen and Spirit Class m id-l i fe upg rades, a nd upgrading technology.

OFF THE COVER

MARCH 2020

A Green Design Philosophy And Deep Dive Customization Create Unique Client Experiences WAYMARK ARCHITECTURE CONTINUED FROM PAGE 1

more personal architectural design. Verhulst and Co-founder Will King compose half of a ded icated tea m of four, collectively pushing beyond the standard approach to projects, utilizi ng a g ra nu la r methodolog y to m a x i m i ze understanding of owner needs, and impact of their work on the surrounding world. “We use what we call a ‘Needs and Opportunities’ assessment in our design work, which includes a thorough review of perceived project pa ra meters extremely early on,” elaborates Will on their process. “Once broken down to their core elements, these established project parameters offer a great deal of opportunity to bring a more fulfilling building product to the owner. This study and analysis is one of our cornerstones, and we don’t proceed any further into a design process until it has been completed.” From homeow ner to business, this rare, key component creates a custom i z e d pat h t h rou g h conception to completion that is deeply individual to each client, catered to create the most meaningful impact on the building occupants. T h is ded ication to craft goes beyond those dwelling in a Waymark structure however, with a design process including engineers, builders, user groups, neighbours,

The Charter Telecom Head Office mixes state-of-theart design and Waymark’s reduced-energy building techniques the publ ic at la rge a nd other consulting professionals. This ultimately coa lesces i nto projects contributing to their environments visually, as well as environmentally. Waymark also looks to the future by embracing the past, working with the University of Victoria’s Building Sciences Department to research the most significant ways to improve the life carbon emissions, structural integrity and envelope performance of existing buildings. This is particularly relevant of heritage buildings, rehabilitating them not only to reduce their ca rbon footpri nts, but to protect, maintain and allow future generations to appreciate the cultural significance of the historical buildings in their cities. “Improving the technical aspects of older and heritage buildings will do more to reduce our carbon footprint than any improvem e n t to n e w b u i l d i n g

stock,” Will adds. Both co-founders share a goal of advancing the science of architecture, advocating for building using affordable, environmentally-sustainable, natural materials. These tenets of Waymark’s architectural philosophy demand an all-in approach from every firm member. On the challenge of this dedication Graeme notes, “It’s easy in our society to have a lot of bluster without a ny rea l substa nce to back it up. We h ave ded ic ated ou r cra f t to improving the world and environment as much as we can, in everything we do. “Without the dedication and commitment of each member of our firm, both at the office and in our private lives, this mission could not be realized. It’s with the collective devotion of our team that we aim for the betterment of the world we all live in.” www.waymarkarchitecture.com

Dr. Brendan Wallace joins

We are proud to welcome Dr. Wallace back to British Columbia after practicing Optometry in southern Ontario. Dr. Wallace graduated from the University of Waterloo School of Optometry with Honours and is now accepting patients at our Goldstream practice. He joins Dr. Joslin, Dr. Barlishen and Dr. Meister.

The office now offers expanded services and hours of operation: Mon Tues Wed

8:30-5:00 8:30-7:00 8:30-7:00

Thurs Fri Sat

8:30-7:00 8:30-5:00 8:30-3:00

105-814 Goldstream Avenue 250-474-4567 langfordoptometrists.com http://www .langfordoptometrists.com

MARCH 2020

LLOYD MALTBY DESIGN IS BUILT TO LAST Design For Everything From Private Residences To Corporate Office Interiors

ICTORIA – By offering design and build expertise under one roof, Lloyd Maltby Design ensu res thei r designs always consider every factor necessary for optimal execution of each project. Partners Vanessa Lloyd, the firm’s Principal Designer and Ben Maltby, a Red Seal Carpenter, started their company several years ago with the intention of creating custom residential and commercial interiors to be timeless spaces that focus on quality and detail. “We have become known for interior remodel projects that are distinguished by meticulous finishing and custom millwork,” says Lloyd. “We professionally design every space we build to ensure the end result is a true reflection of what matters most to our clients.” Their designs not only function

well, but look effortless. Every detail is carefully developed to ensure nothing is missed and no corners are cut. Maltby notes that “the company’s inset face frame cabinetry style is in high demand these days, with people looking for long-lasting cabinetry solutions.” All their custom cabinetry is made locally to seamlessly integrate into their projects. As a Registered Interior Designer, Lloyd works through every detail with their clients – from conceptual design to space planning, design development, custom cabinetry details, architectural finish selections and technical drawings. She is a professional member of the Interior Design Institute of BC and the Interior Designers of Canada, and certified through an intensive series of professional exams and accredited education. “ Wit h ex per ience desig ning every th ing from private residences to corporate office interiors, I draw upon logic, imagination and intuition to

generate original, practical solutions that benefit our clients,” she says. Maltby has a deep understanding of the construction process

Vanessa Lloyd and Ben Maltby and leads their projects from framing to finishing including all of their custom cabinetry work. He is known for his innate sense of the craft and an obsessive attention to detail. “With a workshop f u l ly equipped to build anything from fine cabinetry to custom doors, when our clients request it, we can make it happen,” he says. “We keep every aspect of our projects under one roof in order to meet the highest demands on quality”. Their cabinetry is functional, durable, beautiful and in extremely high demand these days. Longevity and reparability are

an important part of their cabinetry’s appeal. After decades of daily wear and tear, their cabinetry can be refinished in place for many more decades of use. Lloyd notes a key reason for the company’s success is its ability to execute projects that others cannot. “Every project we design is unique and tailored to the home’s a rch itectu re a nd the homeowner’s lifestyle,” she says. “Our clients enjoy working directly with us, going back and forth on the design with me and knowing that Ben will be the one to bring the vision to life.” www.lloydmaltbydesign.ca

MARCH 2020

A New Production Facility For Their On-Water Safety Tech Opens Its Doors In May CDG COASTAL DYNAMICS CONTINUED FROM PAGE 1

management in R&D, and more in-depth focus on lean manufacturing, which will ultimately help us achieve our sustained growth goal.” CDG’s flagship brand, SHOXS, is a specia l ized sem i-active suspension seating technology designed to protect maritime passengers from harmful shock and vibration on the water, vital to sea rescue agencies, government organizations, military and law enforcement. KINETIX, launched in 2019, is a complimentary software solution created to alert agencies to potential issues with seats, watercraft, and crew health with regards to wave impact. This software provides vital information allowing CDG to improve and expand their technology to better serve their clients. With nearly sixty employees and growing, CDG staffs a slew of experts, from mathematicians, former military and boat-builders, to vibration specialists, with decades of cumulative on-water, technology and business experience combined. This creates a team uniquely qualified to champion the needs of end-users who face hazardous situations on the water every day.

CDG Coastal Dynamics Group Ltd President and CEO Ray Cao is excited to bring career opportunities to Langford area residents “Every critical component is tested, serialized, and certified, providing a traceable history and confidence in quality. We use CNC (computer numerical control) machined parts with hard anodized surfaces for every seat, with no painted or powder coated parts that would degrade over time with peeling, chipping or scratches,” elaborates Ray on this care and expertise. “Parts are bolted rather than welded, allowing us to engineer tighter tolerances, and providing seats that are highly serviceable

The new 14,600 square foot SHOXS production and inventory center in Langford

The SHOXS team, comprised of industry experts and business professionals with decades of cumulative experience between them in the field. Repairs typically don’t require specialized labour or a n onsite factory tech n ician. Our high level of in-house competency means we’re not dependent on third-party suppliers; we have precise control over the quality of specialized components.” This mission of safety on the water has created a strong relationship between CDG and the larger maritime community, building SHOXS into a trusted industry partner and go-to resource for agencies seeking to reduce harmful shock and vibration on the water with a fully capable hardware and software solution. Says Ray on CDG’s relationship with their users, “Our customers trust us. Our products do what we say they do. We built our foundation as an organization that is highly responsive to customer requests and needs. We’ve proven time and time again that we can take challenging requirements and return fully capable solutions.” “O u r pa st per for m a nce i n working with military groups and maritime agencies around

the world has fostered an unyielding loyalty within our customer base, and the relationships

we’ve built are the company’s proudest achievements.” https://shoxs.com/

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MARCH 2020

SELF-EMPLOYMENT AND TAXES

SMALL BUSINESS JOLYNN GREEN

BC Regional Council of Carpenters

ll self-employed persons are required to annually prepare and file a tax return to report their business activities. If you have earned self-employment income from a business you operate yourself (or with a partner), you will be required to declare your earnings on your personal tax return. Business income is money that you have earned by selling products or performing a service. Sometimes people have other revenue streams which add to their income such as rental, investment, employment or pension income. How people record their business transactions is as individual as the businesses they operate. Most businesses have good records of

their income as they usually have invoices, till tapes, or deposits but expenses often end up piling up for input or stuffed in a shoe box for the accountant. Even people who keep every receipt forget what they’re for. The effort taken to set up a structured system will save you time in the long run. It doesn’t have to be fancy; it just has to work whether it’s a spread sheet or software. You’ve likely spent cash over the year to run your business. A few common business expenses are promotion, meals and office supplies. If your vehicle is used for business, you may be able to claim a portion of the vehicle’s fuel, repairs, insurance, etc. If you operate your business from home, a portion (relates to the size of your dedicated office square footage) of your home expenses can also be expensed. Claiming all of your business-related expenses is especially important for two reasons: You are subtracting your expenses from your income which translates to less tax due. As a self-employed person, you are responsible for both your share of Canada Pension Plan contributions as well as the

employer’s share. Ultimately, by annually filing your income tax you will get a much clearer idea as to the overall health of your businesses. As an agency that supports small business, we advocate keeping up on annual filings of income tax, GST and PST filings and Employee Source Deductions. Government remittances are the primary area that we see small businesses struggle. Often, they come to us seeking advice on how to get back on track. Financial institutions require up to date financial statements and evidence tax submissions if you are seeking financing or as a routine maintenance of your current financing. Tax time can be good time to step back, take account and determine if your business record keeping is set up in the most efficient way. Maybe it’s time to bring a professional bookkeeper and or an accountant in, leaving you to do what you do best. Jolynn Green is Executive Director of Community Futures Central Island. Jolynn can be reached at ed@cfnanaimo.org or 250-591-7499.

KING BROS.: ISLAND-OWNED IMPORT, EXPORT SOLUTIONS Serving Businesses Throughout Vancouver Island

Simon Smith is President of King Bros

ICTORIA – King Bros. Limited Customs Brokers/Ship’s Agents has been able to serve Vancouver Island businesses for over a century because it has made a point of being contemporary and up to date on import and export laws and regulations. “ We h ave ad ap te d to t he changing landscape of business needs including technology requirements, logistical considerations, and staying current with continuously changing pol icy from Ca nada Border Services Agency (CBSA) and many other government agencies,” states Company President Simon Smith, who is proud of the fact that King Bros. remains independent. “It is increasingly difficult for smaller, independent companies to compete with National firms often outsourcing data entry overseas, offering discounted rates and marginal service. Our company can compete

with any national corporation, and we do it through respecting and understanding the needs of our clients,” he adds. “With mergers and acquisitions occurring all around us, we are committed to being independent and local.” King Bros. Limited, which offers customs clearance, transportation, forwarding, logistics and consulting services to clients, was founded in 1911 by brothers Edward and Henry King. Smith started with the firm in 1992, became an owner in 2012 and President in 2017. “We must know what goods are allowed entry into Canada, and how to declare and account for them on behalf of our clients,” Smith notes. “This could include foodstuffs, health products and goods governed by NRCan, Transport Canada, etc.” King Bros. has extensive experience providing import service for motor vehicles, marine vessels, a i rcra ft a nd heav y equipment for commercial or personal use. They prepare and submit all types of Customs entries, importation of casual and personal goods, preparation of export and import documentation, freight forwarding and

logistics coordination, refunds, drawback and duty deferrals. King Bros. has a staff of 10, and Smith notes “Our commitment to service, industry knowledge, and understanding the complexities of government regulations means we play an important value added role. We are experiencing the best growth in years even with the current global economic uncertainty.” S m it h b el ieve s t h e c ompany’s role is integral to the success of businesses engaged in international trade, and as a by-product, their success is directly linked to that of their clients. “We pride ourselves on providing the best customer service in the industry,” he notes, adding that King Bros. remains t he on ly Va ncouver Isl a nd owned Customs Brokerage and Ship’s Agency. “The money earned through our business remains on Vancouver Island, and is injected back into the local economy,” Smith states. “We work daily with local logistics companies and service providers who share the same philosophy of islanders helping islanders.” www.kibro.com

MARCH 2020

Victoria Harbourcats To Have Island Rival As Expansion Team Added In Nanaimo

est Coast League baseball is landing in Nanaimo. The summer collegiate baseball league, which currently has 12 teams including Canadian entries in Victoria and Kelowna, will see Nanaimo become the 13th WCL team when the to-be-named club starts calling Serauxmen Stadium home beginning in June of 2021. The team will be owned by the same company that has successfully operated the Victoria HarbourCats at Wilson’s Group Stadium at Royal Athletic Park in Victoria. That group took over the team, which debuted in the WCL in 2013, in the late spring of 2015, with ownership including John Wilson (of Wilson’s Transportation), Richard Harder and brothers Ken and Jim Swanson. Jim Swanson is the Managing Partner and will oversee operations in both Nanaimo and Victoria. “This is an exciting day for us all. This has been in the works for a few years and it’s going to be a great new addition to the Nanaimo sports scene,” said John Wilson, the team’s Vice-President/Business, whose Wilson’s Group of Companies has operations based in both Nanaimo and

Team owners Rich Harder (left), Jim Swanson (left centre), West Coast League Commissioner Rob Neyer (right centre) and Port Angeles Lefties owner Matt Acker (right) were on hand in Nanaimo to announce a new Nanaimo team in the West Coast League PHOTO: CHRISTIAN J. STEWART

Victoria, serving the entire Island. “The successful program that has been built in Victoria will now have an Island rival, to go along with the other natural rivalries already in place with, in particular, Port Angeles, Kelowna and Bellingham. Fans from Mid-Island area know we’ve had many Island players, remembering the stellar play of Griffin Andreychuk, Adam McKillican, Alex Rogers, Garrett Goodall and others, and the level of baseball will be the highest Nanaimo has ever seen.”

Without the involvement of all baseball stakeholders in Nanaimo, and the City of Nanaimo, this day does not come to pass. The City is installing lighting at historic Serauxmen Stadium starting this month, which will benefit all groups – the Nanaimo Minor Baseball Association, the Coal Miners senior program, the Pirates of the BC Premier Baseball League, the VIU Mariners team, and of course the new Nanaimo WCL Baseball Club. City Council has played a significant role in

making this a reality, and further improvements to Serauxmen Stadium will be rolled out and will be exciting developments for fans and users of the facility. The Nanaimo WCL team will play 27 regular season games plus additional non-league and, hopefully, playoff games. In the summer of 2019, the HarbourCats played 35 home games at Wilson’s Group Stadium at RAP. The Nanaimo WCL team unveiled a website that includes easy links to a Name-The-Team Contest, and ways to get in line for best choice of seats for Season Tickets, or for placements with corporate advertising. That website is nanaimobaseball.com. The team will have an office set up beginning in September, but will be working closely with the community throughout the spring and summer. There are options for season ticket commitments up to three years, reducing the price at multiple years, and interested parties will be contacted in the order they submit information. Seat selection will be handled in order of paid commitments. The Nanaimo WCL baseball club is setting a cap on season tickets at 550, to allow some seats to be

available on a game-by-game basis. Corporate partnership opportunities will be handled in the same priority submission basis. T he Victoria a nd Na na i mo teams will be separately operated, with independent coaching staffs and independent recruiting processes – competitive in every way. The Nanaimo team’s name and coaching staff are expected to be unveiled this coming summer. “We have so many people to thank, beginning with members of council currently and even dating back three-plus years, and the entire board that has led the transformation of Serauxmen Stadium, led by Lorne Goodall and Dan Rogers,” said Jim Swanson. “Mike Holyk and minor baseball, the people with the Coal Miners, and the leadership of VIU and the Pirates have all been excited to see this moving ahead. We look forward to great ideas from people in Nanaimo on what to name the team, and to having people select the seats they want for 2021 and beyond. As a group, we’d love nothing more than to see Nanaimo’s WCL team and the HarbourCats meet in the playoffs.”

Did you know? As a small business employer, you are responsible for the health and safety of your workers.

Access the small business health and safety manual and other occupational health and safety resources at worksafebc.com/smallbusiness

MARCH 2020

EQUIPMENT REPAIRS REVVING UP SAANICH RENTALS Company Has Been Renting, Selling And Fixing Equipment For Over Five Decades

ICTORIA – Renting, selling and now, more than ever, fixing equipment. Saanich Rentals has been renting and selling equipment for over five decades, but the repair aspect of the company has been

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increasingly busy over the past few years. Owner and Partner Logan Mathison notes “the repair business has become a strong portion of our service due to the phasing out of similar repair stores by way of retirement and purchase of other rental stores by large national/ international companies. “This has changed the landscape of the rental and sales market as our customers now come from all different areas of the lower Vancouver Island.” Logan and his wife Meira Mathison purchased the business, at 1554 Cedar Hill Crossing Road, from Mike Connorton in 2004, as Connorton bought the company from the Helm family, which founded the firm in 1969. He says the company has grown every year, and exponentially during the past five years, with increases in every aspect of the business. Saanich Rentals sells and services warranty Stihl and Toro equipment, and also supplies and repairs equipment for contracting, gardening and home maintenance. Saanich Rentals repairs tools, lawn mowers, equipment and other small engines, from names like Stihl, Craftsman, Honda, Briggs and Stratton, Shindaiwa and Echo. They also stock parts

for the equipment they service. Construction and renovation equipment includes concrete breakers, compactors, mixers, saws, compressors, generators, pressure washers, pumps, commercial fans, dehumidifiers, heaters, and scaffolding – anything needed for plumbing, flooring, moving, and sanding jobs. Yard and garden tools include aerators, tillers, blowers, trimmers, mowers and brush cutters. They also offer banquet rentals for tables, chairs, dishes, glassware and barbecues. Their knowledgeable staff is a great asset for the company. “Our employees collectively have a wealth of knowledge in assisting a variety of customers who have different levels of expertise,” Logan says. “They help suggest and recommend quality sales and rental equipment to complete construction and renovation projects. “If we don’t have the product they will suggest where it may be available,” he adds. “Most of our employees have been with the business for many years. We believe our customer service is one of our best attributes.” Mathison says the Saanich Rentals team takes pride in providing personalized service to their valued customers. “Our service department helps

our customers maintain their equ ipment - f rom mowers, blowers and trimmers to pressure

washers, concrete saws and compressors,” he adds. www.saanichrentals.com

Ounsted & Company Chartered Professional Accountants Business Valuations 260 - 44460 Chatterton Way | Victoria, BC | 250.388.3555

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Ounsted & Company specializes in: Small to medium sized businesses for their accounting and tax needs Personal and estate income taxes Business valuations

MARCH 2020

Spring Real Estate Market Heats Up

ICTORIA – A total of 563 properties sold in the Victoria Real Estate Board region this February, 33.7 per cent more than the 421 properties sold in February 2019 and 37 per cent more than in January 2020. Sales of condominiums were up 35.7 per cent from February 2019 with 175 units sold. Sales of single-family homes increased 23.7 per cent from January 2020 with 271 sold. “February brought the bloom of an early spring ma rket,” says Victoria Real Estate Board President Sandi-Jo Ayers. “Sales numbers are up substantially from last year, which in part indicates that our spring market may have arrived a bit earlier than a lot of our local blossoms. Additionally, we need to consider that last year’s sales activity was quite weak until April and May. Despite a thirty plus percent increase in total sales over last year, our ten-year average for total sales in February is 537, so we are within less than five per cent of our long-term average for the month.”

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There were 2,127 active l isti ngs for sa le on the Victoria Real Estate Board Multiple Listing Service at the end of February 2020, four fewer properties than the total available at the end of February 2019 and an 8.6 per cent increase from the 1,958 active listings for sale at the end of January 2020. T he Mu lt iple L i st i ng Service Home Price Index benchmark value for a single-family home in the Victoria Core in February

2019 was $838,800. The benchmark value for the same home in February 2020 increased by 3.5 per cent to $868,100, 1.1 per cent more than January’s va lue of $858,500. T he MLS HPI benchmark value for a condominium in the Victoria Core area in February 2019 was $503,600 while the benchmark value for the same condominium in February 2020 increased by 4.7 per cent to $527,400, 1.2 per cent more than the January value of $521,000.

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MARCH 2020

Auxilium Mortgage Corporation Set For Record Breaking Year

ICTORIA – 2020 is set to be a memorable and record-breaking year for Auxilium Mortgage Corporation. Owner Kam Brar notes the office reached the significant milestone of $500 million in funded mortgages, w ith over 1,400 mortgage transactions completed since opening in 2011. “Auxilium was also recognized by the Mortgage Architects network as the one of the top three franchises with the highest business growth in western Canada (2019 and 2018), as well as being in the top two per cent of brokers across the country as part of the Mortgage Architects President’s Club (Diamond Level),” he adds. It’s been an impressive journey since Kam started as a mortgage broker in 2008. With his wife Michelle, they opened Auxilium in its current location at 307 Goldstream Avenue at Colwood Corners in 2011. They also have a satellite office in downtown Victoria inside Coldwell Banker Oceanside Real Estate at 3194 Douglas Street. Kam oversees each client file and manages a team of brokers and support staff while maintaining relationships with over 40 mortgage lenders. “Auxilium has continued to grow despite the changes and

“We believe that a person’s home should not only be a place to live, but also an important cornerstone to their financial dreams.” KAM BRAR AUXILIUM MORTGAGE CORPORATION, OWNER

challenges in the mortgage industry’s regulations and the real estate market. Since 2017 we have experienced some of our best business years ever,” he says. “We have been able to expand our offering of insurance and investments to complement our mortgage services. “We believe that a person’s home should not only be a place to live, but also an important cornerstone to their financial dreams.” Brar observes that mortgage refinances can be a daunting idea for some clients. “We work with them to access the equity they’ve built in their homes to achieve their financial goals,” he says. “This can be anything from financing a renovation

on their existing property, growing their business, or investing in a new opportunity.” To assist clients, the Auxilium team starts by looking at their overall financial situation, and then presenting the options for getting them where they want to be. Ultimately, the clients make the decisions on how they’d like to proceed. “With property values greatly increasing across Victoria in the past few years, many people find themselves with a lot of new equity that could be working for them and growing their assets,” Brar states. “Rather than waiting for the end of a current mortgage term, in a lot of cases it makes sense to free up that money and put it towards future financial goals.” Brar says the company’s success is largely due to one thing: Service, for which they were awarded a 2018 Better Business Bureau Torch Award. “We believe in clear, timely communications with our clients and keep them updated at every step of the mortgage process,” he says. “We also recognize the value of their time, so they can expect a straight-forward, no-nonsense approach to their finances.” www.auxiliummortgage.com

From left: Nicole Barrett, Keith Rettinger, Kam Brar and Rebekah Janzen

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MARCH 2020

FORMING NEW PARTNERSHIPS

PHOTO CREDIT: WWW.TOURISMVICTORIA.COM

TOURISM VICTORIA PAUL NURSEY

he spread of COVID-19, or coronavirus, over the past few weeks has had a widespread effect on economies and trade worldw ide. Events a nd major gatherings in places like Italy, Saudi Arabia and more recently, the United States are cancelled. As I write this Canada remains relatively unaffected by coronavirus. It is a safe, welcom i ng desti nation w it h p otent i a l a dva ntages attracting conferences and sports tourism, as well as leisure travelers. Destination Greater Victoria has committed to keep its members up to d ate w it h t he l atest information on coronav i r us. We a lso wa nt to reassure the community and those that work in the visitor economy that we are doing everything we can to steward the Greater Victoria visitor economy th rough th is situation. T he following are some key facts on the Greater Victoria visitor economy: Our Asia/Pacific source markets represent only 6 per cent of our business. Source: Statistics Canada 2018.

The Chinese source market represents less than 4 per cent of ou r business. Source Stat i st i cs Canada 2018. Visitation from ou r regional markets of British Columbia, Washington, A lber ta a nd Ca l i forn ia represent over 70 per cent of ou r tota l v isitat ion. Source Statistics Canada 2018. Greater Victoria has record meetings, events and conferences contracted a nd a record nu mber of sport tourism events booked in 2020. As of midMarch we have not experienced any cancellations of meetings, events, conferences or sport tourism business at the Victoria Conference Centre. Globa l travel systems s uch a s t he a i rl i ne i ndustry have been affected. This could influence visitation to our destination. The visitor economy is very resilient and from past public health episodes we know global t ravel dem a nd w i l l rec o v e r i n s i x-t o - e i g h t months once the situation is resolved. It is possible spring and summer travel to Greater Victoria might be affected. In response to this situation, Destination Greater Victoria is focused on the following plan: We are focusing on our regional markets. Desti nation Greater Victoria is forming a new business partnership with Air Canada. We will be investing in increased digital presence on Air Canada and Air Canada Vacations digital platforms, as well as a series of joint marketing initiatives to their

customer database a nd digital customers. We have new partnersh ips w it h A A A Washington State a nd Idaho Chapter and Alberta Motoring Association focused on regional markets. We h a v e a n e w p a r tnership with Destination Canada focused on Mexico, which is already yielding strong results. Co-op i nvestments i n China for 2020 are cancelled. However, we have kept other source market partnerships intact. We continue to deploy our sales teams in travel trade, Business Events Victoria and the Greater Victoria Sport Tourism Commission in order to build future business. Ma ny of us have been through similar situations in the past. However, the difference between coron av i r u s a nd prev iou s public health episodes is the speed at which information travels. As Roger Dow, President of the US T ravel Associat ion h as said, “There is a difference between an epidemic and an infodemic.” Our region remains safe, welcoming and pristine – but we must be vigilant in ensuring this message is clear to the traveling public. There are short-term challenges, but there are also opportunities to make a positive impression. Greater Victoria is known as a welcoming destination. Let’s maintain this disposition and stay united through this difficult time.

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Email: pat.advantagesteel@hotmail.com

CITIFIED

MARCH 2020

Sponsored by

VANCOUVER ISLAND TECHNOLOGY PARK IS PURSUING EXPANSION Green project which will deliver over 300 homes. Citified.ca T he renta l a nd condom i nESQUIMALT The township’s plans to erect a multi-purpose community building at Esquimalt Gorge Park are moving forward with a refined design and support from municipal planners. T h e 1 1,300 s q u a re fo ot, two-storey structure, designed by Victoria-based Iredale Architecture with visual cues reminiscent of Japanese architecture, is proposed on a portion of a surface parking lot, approximately mid-way between the park’s Tillicum Road entrance to the east and Sioux Place to the west. The project will also include a re-arrangement of Gorge Park’s parking area to provide capacity for 100 vehicles. On the building’s main level several flex rooms, a kitchen, a meeting space, offices and storage rooms are planned with a significant water feature enveloping the southern and western frontages. Exterior decks will be situated along the north and east frontages. Funding for the project, in the range of $6 million, is part of a $17 million commitment to the municipality by the Capital Regional District (CRD) in exchange for permitting the CRD’s regional sewage treatment plant at McLoughlin Point along the township’s outer harbour waterfront. LANGFORD Western Speedway and significant holdings adjacent to the race track have been put up for sale. In early March CBRE Victoria announced the 81-acre property at 2207 Millstream Road, which includes the speedway and parcels used for industrial operations, an RV park and a gocart track, would entertain bids

The image credit is a follows: An artist’s concept drawing of Esquimalt Gorge Park’s multi-purpose community building planned adjacent to an existing parking lot. The project is designed with Japanese-style architecture to pay homage to the park’s Japanese tea house and garden that were destroyed by vandals during the Second World War. © TOWNSHIP OF ESQUIMALT / IREDALE ARCHITECTURE

from interested parties through June 18th, 2020. As part of a theoretical repurposing of the land, 35-acres will be set aside to accommodate Millstream Creek, which runs roughly through the middle of the land from north to south, and a considerable natural park area along the western perimeter. Belmont Residences East, an 85-suite, five-storey condominium project by Ledcor Property Investments earmarked for a site adjacent to the newly opened Thrifty Foods, will launch this spring while the nearly sold-out 80-suite Belmont Residences West, which marked the first phase residential offerings at the mixed-use district, is on schedule for April occupancy.

LOCAL KNOWLEDGE GLOBAL REACH Our team specializes in the Greater Victoria commercial real estate market. From single buildings to multi building portfolios, we provide a comprehensive range of real estate services to help investors, developers, landlords and tenants with their real estate needs.

SAANICH The Vancouver Island Technology Park adjacent to Camosu n Col lege’s I n te r u r b a n ca mpus is pu rsu i ng its fi rst expansion since t he l and’s early 2000s transformation from the Glendale Lodge care home into a tech hub. Planners are reviewing a submission for a two-storey hightech ma nu factu ri ng faci l ity eyed for a parcel currently occupied by a surface parking lot immediately east of the tech pa rk’s m a i n bu i ld i ng a long the 4400-block of Markham Street. VICTORIA Demol it ion of a 1970s-era rental building in the Fairfield

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neighbourhood has commenced as crews prepare for construction of a modern complex. Victoria-based Analogue Developments received municipal approvals in 2019 to replace the Beacon Arms apartments – with 34 residences across four levels, and several single-family homes fronting onto Quadra Street and Convent Place – with a mix of over 80 one and two-bedroom suites (including four townhome s) w it h i n a si x-s torey building that will inherit the same name. Construction of the new-build will begin later this year with completion eyed for 2022. Bosa Properties has secured approvals for three residential towers at Vic West’s Dockside

1410 Broad Street Victoria, BC A mixed use investment opportunity in the heart of Downtown Victoria. This 7,601 sf building is fully leased and is home to Cherry Bomb Toys, the National Toy Museum of Canada and 3 apartments.

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iu m bu ild ings w ill mark the resu mption of constr uction along Dockside Green’s Tyee Road frontage and Bosa’s first undertaking following the company’s acquisition of the multiacre development from VanCity Credit Union. Chard Development has been given the green light to proceed with the redevelopment of several parcels along Cook Street between Yates a nd Joh nson streets. The project will consist of a 13-storey market condominium tower and an eight-storey affordable ownership condom i n iu m w ith below-ma rket pricing, similar in concept to Chard’s Vivid project. Marketing is anticipated to begin later this spring. T h e Victor ia Dow ntow n Residents Association (DR A) is unwilling to back a 253-unit rental complex planned for the 900-block of View Street immediately east of the 19-storey View Towers. Nelson Investments’ proposal for a 15-storey residential building at 937 View Street – with a unit density not seen in decades – was sub mitted in the spring of 2017 and continues to make its way through the civic process following two significant design changes. In a letter issued to the City, DRA land use committee chair Ian Sutherland called the buildi ng’s sma l l su ites “cra mped quarters,” and questioned their su itabi l ity to loca l hou si ng needs. Mike Kozakowski of Citified. Citified is a comprehensive resource for researching a new-build home or commercial space in metro Victoria and southern Vancouver Island.

1323 Government Street Victoria, BC High street retail opportunity for an owner-occupier or investor. Located in Downtown Victoria this building has three distinct floor levels with retail space and a one bedroom suite.

COMMERCIAL REAL ESTATE EXPERTS Ross Marshall

Personal Real Estate Corporation Senior Vice President CBRE Investment Properties Group 250 386 0004 ross.marshall@cbre.com

Chris Rust

Personal Real Estate Corporation Senior Vice President CBRE Investment Properties Group 250 386 0005 chris.rust@cbre.com

Opt in to receive our property listings! www.cbrevictoria.com CBRE Limited, Real Estate Brokerage | 1026 Fort Street, Victoria, BC | 250 386 0000

WHO IS SUING WHOM

MARCH 2020

WHO IS SUING WHOM The contents of Whoâ&#x20AC;&#x2122;s Suing Whom is provided by a third-party resource and is accurate according to public court documents. Some of these cases may have been resolved by publication date. DEFENDANT 1125357 BC Ltd 4969 Victoria Dr, Vancouver, BC PLAINTIFF Criddle, Percy Nicol CLAIM $3,371,000 DEFENDANT Ace Courier Services 901-1788 West Broadway, Vancouver, BC PLAINTIFF Owners Strata Plan EPS 0062 CLAIM $14,176 DEFENDANT All Can Express Ltd 901-1788 West Broadway, Vancouver, BC PLAINTIFF Owners Strata Plan EPS 0062 CLAIM $14,176

DEFENDANT Apple Electric Ltd 200-1260 Shoppers Row, Campbell River, BC PLAINTIFF Van Camp, John CLAIM $6,867 DEFENDANT BP2 Construction Ltd 201-467 Cumberland Rd, Courtenay, BC PLAINTIFF Buelow, Elmar CLAIM $7,746 DEFENDANT Canadian League Of Gamers Inc 1700-1055 West Hastings St, Vancouver, BC PLAINTIFF Carson, Dennis CLAIM $31,216 DEFENDANT Cleebo Games Inc 1700-1055 West Hastings St, Vancouver, BC PLAINTIFF Edge Social Ltd CLAIM $53,260 DEFENDANT Criddle Enterprises Ltd 4969 Victoria Dr, Vancouver, BC PLAINTIFF

Keeping projects on time and on budget

Criddle, Percy Nicol CLAIM $3,371,000 DEFENDANT Gilcor Holdings Ltd 200-911 Yates St, Victoria, BC PLAINTIFF Merigran Marketing Ltd CLAIM $933,400 DEFENDANT Good Buds Company International Inc 1500-1055 West Georgia St, Vancouver, BC PLAINTIFF Vancouver Island Labour Services Inc CLAIM $25,320 DEFENDANT Green Initiative Developments Ltd 202-58 Station St, Duncan, BC PLAINTIFF Bridgewater Investments Inc CLAIM $774,942 DEFENDANT Industrial Alliance Insurance & Financial Serv Inc 400-988 West Broadway, Vancouver, BC PLAINTIFF Auger, Martin Roland CLAIM

$29,849 DEFENDANT Interactive Construction Inc 843 Parklands Dr, Victoria, BC PLAINTIFF Seamont Investments Ltd CLAIM $18,747 DEFENDANT Island Waterworks Ltd 6-7855 East Saanich Rd, Saanichton, BC PLAINTIFF Gorman, Brian CLAIM $22,479 DEFENDANT NVH Homes Ltd 8450 Mcivor Lake Rd, Campbell River, BC PLAINTIFF Blair, Cheryl Rosalie CLAIM $28,178 DEFENDANT Roads End Contracting Ltd PO Box 939, Sooke, BC PLAINTIFF Seamont Investments Ltd CLAIM $18,747 DEFENDANT Salt Spring Island Land Bank Society 129 Dean Rd, Salt Spring Island, BC

PLAINTIFF Vancouver City Savings Credit Union CLAIM $975,088 DEFENDANT Solid General Contractors Inc 1500-13450 102nd Ave, Surrey, BC PLAINTIFF James Island Plumbing Ltd CLAIM $65,031 DEFENDANT Sumsung Electronics Canada Inc 2050 Derry Rd West, Mississauga, On PLAINTIFF Drew, Darryl CLAIM $35,256 DEFENDANT Sutherland Home Inspections 4085 Carey Pl, Royston, BC PLAINTIFF Chytrowski, Thomas CLAIM $35,236 DEFENDANT Tenor Tile And Carpet Ltd 3-416 Garbally Rd, Victoria, BC PLAINTIFF Bergmeier, Virginia Kirsti Lynn

19 CLAIM $11,468 DEFENDANT Trail Appliances Ltd 1200-200 Burrard St, Vancouver, BC PLAINTIFF Drew, Darryl CLAIM $35,256 DEFENDANT Waitsons Renovations 865 Ravensbourne Lane, Qualicum Beach, BC PLAINTIFF Central Builders Supply Limited CLAIM $5,354 DEFENDANT West Coast Remediation 8860 West Saanich Rd, Victoria, BC PLAINTIFF Songhees Nation CLAIM $20,020 DEFENDANT Winchester Galleries Ltd 204-655 Tyee Rd, Victoria, BC PLAINTIFF Heinsam Holdings Ltd CLAIM $203,663

MARCH 2020

WE'RE EXCITED TO ANNOUNCE... IWCD HAS ACHIEVED PLATINUM CLUB STATUS WITH THE CANADA'S BEST MANAGED COMPANIES PROGRAM! Hundreds of companies across Canada compete for this designation, which evaluates management abilities and practices, financial strength, business performance and growth, and the ability to create stakeholder value. Thank you to all of our employees, clients, consultants and subcontractors for being part of our team and helping us build great things.

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MARCH 2020

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Professional Accountants Ca n ad a 2019 Com mon Final Exam (CFE). They will be admitted to membership of the Chartered Professional Accountants of British Columbia in the spring of 2020.

Zaman Velji The Victoria Foundation has announced some adjustments to their board of directors and staff for the coming year. Zaman Velji, a senior portfolio manager at the BC Investment Management Corporation, will serve as board chair for 2020. Velji has been on the foundation’s board since 2020 and takes over from Grace Wong Sneddon. New to the board this year are Marilyn Sing, Brad Clark, Rob Gareau, Rajiv Gandhi and Wency Lum. Remaining on the board are Carey Newman, treasurer Kyman Chan, Lori Elder, Michael Cridge and John van Cuylenborg. Patrick Kelly will remain in his role as Indigenous cultural advisor while Rasool Rayani remains as honorary governors president. Zahura Ahmed joins the foundation’s staff as the grants and youth programs associate, Jessica Bell as manager of strategic partnerships and Cindy Dunphy as a financial analyst. The foundation has also added Rob Gareau, Lucy Edwards and Basma Majerbi to its impact investing committee. Volvo Cars Victoria is returning to its original home in Victoria at 1101 Yates Street, moving from its current location at 2735 Douglas Street. McLaren Lighting is celebrating its 60th anniversary. The lighting and home furnishing retailer has offices in Victoria at 3400 Douglas Street and in Nanaimo. Schibli Stedman King LLP Chartered Professional Accountants congratulates Sara Mollon, Sheanne Stafford and Brandon Neville on completing the Chartered

Royal Roads University (RRU) is celebrating its 25th anniversary. To celebrate the silver anniversary, RRU is launching the Change Makers Speaker Series, which features acclaimed speakers from around the world. The series explores the complex challenges facing humanity and some of their innovative solutions. The first speaker event is held on March 19th and features renowned, speaker, author and professor Dr. T homas Homer-Dixon. While this engagement is already sold out, tickets are on sale for the next speaker in the series: renowned columnist, historian and speaker Gwynne Dyer, who will give a talk on April 20 at 7:00 pm titled The Trump Era: Surviving the Populist Wave. Baker Tilly Victoria congratulates Taylor Gordon and Henry Ogwudire on successfully writing their 2019 Common Final Examination (CFE). Baker Tilly Victoria is at #540 – 645 Fort Street. Silver Threads Service moves to a new space at 902 Caledonia Avenue on May 4. The new 5,400-squarefoot centre will allow the organization to provide more services while continuing to offer local seniors a wide range of social programs, recreation and outreach services. Silver Threads is an organization that works to enhance social connections and well-being for seniors by providing accessible programs and services. Langford topped a top-10 list of fastest growing cities in British Columbia according to a report published by BC Stats. Langford saw its population grow by 5.2 per cent last year and was also joined by View Royal and Sooke on the top ten list who saw 2.5 per cent growth in their population.

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MEET YOUR PERSONAL SCORE

70-79 | Good

Sarah Sohn Crease Harman LLP Barristers & Solicitors welcomes Sarah Sohn to its Immigration and Citizenship Group. Sarah has a law degree from the University of Victoria and a Bachelor of Arts degree from Cornell University and specializes in immigration and citizenship services. The firm is at 800 – 1070 Douglas Street. T h e Greater Victor ia Chamber of Commerce is holdings its 2020 Business Awards on Tuesday, May 12 at the Fairmont Empress. The gala event will recognize businesses in the Greater Victoria area that have achieved a standard of excellence through their efforts, abilities and initiatives. The Victoria Chamber is also sponsoring A Conversation with former First Lady Michelle Obama on March 31, at Save-OnFoods Memorial Centre. BC Ferries announced that debit cards will soon be accepted at all terminals. Upgraded PIN pads will be installed at minor terminals in the coming weeks, while Swartz Bay and Tsawwassen will receive upgrades sometime this spring.

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Castro Boateng, executive chef of House of Boateng, was recently presented with Chef of the Year award in the Exceptional Eats Reader’s Choice Awards. Castro and his team provide fine catering services for wedding receptions,

corporate events and celebration of all kinds and is at #105 - 2854 Peatt Road. The District of Saanich won first place in the Small Business BC Open for Business Awards in the large community category. The Open for Business Awards celebrate communities that have

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created a business-friendly environment. The large municipality category includes communities with more than 25,000 residents. Victoria Caledonian Distillery and Sheringham Distillery were both award winners at the recently held World Whisky Awards for their liquors. Victoria Caledonian Distillery received first place for the best new-make, best single cask and best single malt in Canada. Sheringham Distillery’s Kazuki Gin won the Canadian Artisan Spirit of the Year award, beating out 60 other distilleries from across the country. The Royal & McPherson Theatres Society (RMTS) will be conducting a feasibility study into expanding the Royal Theatre thanks to funding the organization received from an anonymous donor. The study will look at addressing some existing issues at the over 100-year-old building including issues accessibility and the number of available washrooms. It will also look at new opportunities including adding storage space, expanding loading capacity, adding a second performance area or an expanded entrance. The RMTS held its first information session for the feasibility study on February 19. BC Ferries officially christened its two new hybrid diesel-electric Island class ferries at a ceremony

MARCH 2020

held at Point Hope Maritime. The vessels have been named the Island Aurora and Island Discovery, serving the Port McNeill to Alert Bay-Sointula and Texada Island to Powell River routes. BC Transit has officially added 12 new heavy-duty buses powered by compressed natural gas to its routes in Greater Victoria. The buses seat 35 and can carry 46 standing passengers. The provincial and federal governments each contributed 40 per cent of funding, while the Victoria Regional Transit Commission pitched in 20 per cent. T he Art Gallery of Greater Victoria (AGGV) received a development permit to upgrade and expand the new NEXT gallery. The expansion budgeted at $26 million will see the gallery undergo an 11,000 square foot renovation that will increase exhibition and lecture space and add a café. Construction could begin as early as this month and is expected to be completed in 2022. LlamaZOO Interactive Inc. has appointed a number of tech leaders and prominent investors to its board of directors. The company has added Hannes Blum, Venture Partner at Acton Capital Partners, Jeff Booth, former President and CEO of BuildDirect, and Edoardo De Martin, General Manager of Microsoft Vancouver to its

board of directors. LlamaZOO Interactive is a spatial business intelligence and 3D data visualization company headquartered in Victoria. Isla nd Motorcycle Co. h a s opened a new location in Westshore at 2956 Westshore Parkway.

Dr. Brent Mainprize Two University of Victoria (UVic) professors have received one of Canada’s most prestigious award for excellence in leadership and teaching. Brent Mainprize and Edosdi-Judy Thompson have both been named 2020 3M National Teaching Fellow’s. Mainprize is the co-founder of Tribal Resources Investment Corporation’s Aboriginal Canadian Entrepreneur’s program, which teaches entrepreneurialism to Aboriginal students. Thompson is a recent SEE MOVERS & SHAKERS| PAGE 23

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MARCH 2020

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transfer to UVic from the University of Northern BC, working as an associate professor at UVic’s Indigenous Education Department. Amazon Canada ranked Victoria as the 10th most romantic city in Canada, after ranking in the top spot for the past seven continuous years. The ranking is determined by the sale of romance novels, relationship books, jewelry and romantic comedies. Discovery Coffee will be the host of the 2020 National Barista Championships this spring. The two-day competition is free and open to the public and is organized by the Canadian Coffee Guild, a member of the international Special Coffee Association. The competition runs from March 13 to 15 at Discovery Coffee’s new roasting facility in Rock Bay. The Victoria Foundation recently launched the Island Food Caring campaign in five participating grocery stores throughout the capital region until March 22. People at any one of the participating stores can donate at the till (or via the program’s website) with all proceeds going to The Mustard Seed to support the Food Share Network. The five participating grocery stores are Country Grocer, Fairway Market, Red Barn Market, The Root Cellar and Thrifty Foods.

Dr. Chris Hewitt

Hewitt have taken over Sooke Eyecare Doctors of Optometry from Dr. Louise Morin. The new owners have been practicing in Sooke since 2015 and look forward to serving customers of the practice for many years to come. Sooke Eyecare is at #5 – 6726 West Coast Road in Sooke. The WorkLink Employment Society is constructing a new office at 2096 Church Road in Sooke. The building is expected to open by December and will be the future home of a community service hub that will see a collection of non-profit agencies working together to identify and provide needed social services to Sooke and surrounding communities.

Heidi Stieg Pemberton Holmes Real Estate & Property Management welcomes Heidi Stieg to its team at #2 – 6716 West Coast Road. Deep Cove Market is celebrating its 15th anniversary of owner Rosemary Scott taking over ownership of the business at 10940 West Saanich Road. Scott has recently listed the business for sale for $1.75 million, citing family and travel as being the reason for listing the business. Pharmasave Brentwood Bay was recently presented with Pharmasave’s prestigious 2019 PharmaStar Store of the Year Award. The award recognizes the locations excel lence i n customer service, store performance, community service and charity support. The Pharamsave location’s is at 101 – 7111 West Saanich Road. Barbara’s Boutique has moved to a new location at 2493B Beacon Avenue in Sidney.

Dr. Nicole Hewitt Dr. Chris and Dr. Nicole

Re/Max Camosun’s Sidney branch congratulates its top producers of the month Jef f Br ya n, K a ren Di nnie-Smyth, Bill Tozer and Jeff Meyer, who was named

both top producer and top lister. Re/Max Camosun is at #14 – 2510 Bevan Road in Sidney. The District of Central Saanich recently parted ways with its Chief Administrative Officer (CAO) Patrick Robins. Robins left the position suddenly though on reportedly amicable terms. Paul Murray, who recently retired as the district’s chief financial officer, will serve as interim CAO while a search takes place for a permanent replacement. Congratulations to the top salespeople from auto dealerships across the Victoria region. They are Omar Tubeishat of Harris Auto, Rhys Tosczak of Jim Pattison Toyota, Erin Nguyen of Jim Pattison Lexus, Todd Lindsay of Pacific Mazda, Ted Sakousky of Wheaton, David Vollet of Audi Autohaus, Dane Eivindson of Volkswagen Victoria, Josh Findlay of Victoria Hyundai, Matt Kennard of Porsche Centre Victoria, Adam Mikasko of Three Point Motors, Riley Johnson of BMW Victoria, Lance Cook of Volvo Cars Victoria, Chris Hoeg of Wille Dodge, Justin Stacey of Jenner, Bob McMillan of Campus Honda, Gage Clough of Campus Infiniti, Emery Mendria of Kia Victoria, Jag Sahota of Campus Nissan, John Burns of Jim Pattison Subaru and Jeff Hamill of Campus Acura. Beltone is celebrating its grand opening at 106 – 3550 Saanich Road on March 25 from 11:00 am to 1:00 pm. The event will include free lunch and snacks, a tour and meet and greet with the team, a free ear scan and free hearing screening. Those interested in attending can call the shop to RSVP. Ten Victoria-based corporations have made it onto the list of BC’s Top Employers for 2020. The companies to make this year’s list are BC Ferries, Victoria Airport Authority, ESIT Advanced Solutions, the Land Title and Survey Authority of British Columbia, Abebooks, BC Assessment, BC Pension Corporation, the BC Public Service, BC Investment Management Corporation and the Capital Regional District. The list recognizes companies that provide exceptional workplaces for their employees. Companies are evaluated based on their work atmosphere, health, physical workplace, SEE MOVERS & SHAKERS| PAGE 24

Fast Growing Canada Needs Housing Supply To understand rising home prices, it’s important to appreciate Canada is undergoing some of the fastest population growth in our history. Statistics Canada reports our growth is twice as fast as the US and UK. Canada’s population was 37,589,262 in 2019, up 531,497 vs 2018. This corresponds to just over one new person added every minute with the growth “highest in British Columbia.” This “is due largely to permanent and temporary immigration...” where Canada admitted 313,580 immigrants, “one of the highest numbers in history.” This also contributes to our strong economy – people bringing their skills and expertise to the country. According to BuildForce Canada, BC’s construction industry is expected to lose 44,200 workers to retirement by 2029. Immigration is one effective way to address this challenge. In welcoming these new Canadians, we have an obligation to ensure there is sufficient housing.

More than half a million new Canadians annually need a place to live, yet national housing starts are about 200,000 per year. Greater Victoria’s starts declined from 4,273 in 2018 to 3,499 last year. Inadequate supply combined with strong demand results in high housing prices. Municipalities need to be more in sync with national policies, including local zoning and permit processes. Elected officials at every level must work together to ensure new housing keeps pace with population growth in the interests of affordability. They can best assist this by planning for higher density, streamlining permit processes, and avoiding unnecessary fees, taxes and regulations.

Visit us at vrba.ca and careawards.ca

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financial and family benefits, vacation time and community involvement. The South Island Prosperity Partnership (SIPP) announces that Mike Geric Construction has joined the economic development agency. SIPP is the economic development organization for Greater Victoria, and is comprised of 60+ members, including 11 local governments, nine First Nations, three post-seconda ry i nstitutions, 11 industry associations and nonprofits, and more than 30 major employers.

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Royal LePage Coast Capital Realty congratulates their top producers from across the Greater Victoria area for the month of February. From Oak Bay, the top producers are Neil Bosdet, Rick Humphries, Tasha Medve, Cherly Crause, Brenda Russell and Sarah West. Mike Hartshorne, Ju st i ne Con nor, Roger Levesque, Cheryl Laidlaw and Gwen Gilson were the top producers for West Shore. The top producers for Saanich include Jackie Adkins, Paul Holland, Scott Munro, Mike Smith, James Liu, Maurice Connor, Alli Munro, Sean Janzer, Craig Toker, Todd Mahovich and Bernie Wilkinson. Tammi Dimock and Jacob Dimock were the top producers for Sooke. Fe a rs i nduced by COVID-19 have pushed many cruise lines to change their scheduled sailings to China and around Asia, to instead stop at Ogden Point as an alternate destination. Celebrity Cruises announced they will add four stops in Victoria in April and May. The Greater Victoria Harbour Authority does not expect to see any cancellations in Victoria as a result of the virus, though they are monitoring the situation closely and will be taking direction from the Cruise Lines International Association. Merridale Cidery could open its doors for business as soon as next spring at 356 Harbour Road. The Cidery planned on opening the Victoria location sometime in 2019 or this year, though plans were delayed due to design and approval issues. The company is since working with new local architects and contractors and is now preparing to begin construction. Once

MARCH 2020

complete, the bu i ld i ng space will allow visitors to see how Merridale’s craft beer and whisky are made, then transitioning to a tasting room, lounge and eatery on the top floor. The eatery will provide oven-baked p i z z a a nd c h a rc ute r i e boards similar to the Merridale farm in Cobble Hill. Westh i l ls Stad iu m i n Langford will host a World C up q u a l i f y i n g m atch on Ma rch 27 t h between Trinidad and Tobago and Canada. Canada is currently No. 73 in the FIFA world rankings and No. 7 in the North and Central America and Caribbean (CONCACAF) division. To participate in the 2022 FIFA World Cup in Qatar team Canada must catch No. 69 in the overall rankings and No. 7 in the CONCACAF division. BC Used Oil Ma nagement Association (BCUOM A), the not-for-profit g roup ded icated to the collection and recycling of lubricating oil, oil filters, oil containers, antifreeze and antifreeze containers in BC, has launched a new recognition program for registered Return Collection Facilities (RCFs) as a way of honouring, on an annual basis, the ‘Top Collectors’ of used oil and/or antifreeze materials. 30 RCFs across the province received ‘Top Collector’ awards for 2019. Harland Landfill was recognized as ‘Top Collector’ for 2019 as well as Parksville Bottle and Recycling Depot, Cowichan Valley’s Peerless Road Recycling Centre and Comox Valley Waste Management Centre i n Cumberland. Mom’s Café in Sooke is under new ownership. DK Yoon, chef from Salt Spring Island, and his partner, Jae Kim, are now running their own restaurant after learning the business from DK’s parents’ restaurant on Saltspring. The menu favourites will the remain the same with some additions and locally made brews. The Sooke Region Historical Society has a new board of directors. Doni Eve returns as president, Sheila Dobie a s secretary, Elizabeth Johnson as vice-president and treasurer Sandy Jarvis. Heather Nuttall and Tony Bastone return as directors. Linda Gabriel was newly elected to the board, joining directors Peter Wilford, Georgia Medwedrich, Rob Hill

and Rose Dumont, who is appointed to the board by the T’Sou-ke Nation. Ray Vowles is past president. GMC Projects has a conditional deal to acquire Cedarwood Inn and Suites in Sidney. The property would become a four-storey residential-commercia l development a nd include up to 265 studio to four-bedroom rentals. The deal is subject to rezoning. According to BC Assessment the value of the property is $8,341,600. Langford has received federal funding for more than 100 new affordable apartments. The 120-rental units at Orono Place have been designed with 26 per cent increased energy efficiency. The $31.5-mill ion f u nd i ng i ncentive was recently announced by Minister of Rural Economic Development Maryam Monsaef to contribute to the goal of 10,600 affordable units in BC.

Laura Bolster Megson FitzPatrick announced that, effective March 1, 2020, Laura Bolster has assumed the role of President and COO. After ten years as CEO, and an insurance career spanning four decades, Jay Tuson has decided to take a step back and focus on his role as the Director of Sales. Laura has spent seven years as COO, where her priority has always been the people. She will continue to lead with the support of Jay and Luke Mills (Partner, Commercial Account Executive). Victoria startup Certn recently closed $4.5 million USD in seed round funding led by San Francisco’s Tribe Capital. Certn provides early-stage near rea l-ti me g loba l backg rou nd checks. Na med one of Techcouve r’s 10 Homegrown BC Startups to Watch in 2020, Certn enables its clients to make key decisions with people data. SEE MOVERS & SHAKERS| PAGE 25

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MARCH 2020

Engel & Volkers welcomes Tanya Zakkour to the real estate franchises Ratcliff Group team at #137 – 1325 Bear Mountain Parkway. T he Ratcliff Group was recently named one of the Top 10 Engel & Volkers teams in North America for the 3rd consecutive years. S p e a k i n g o f E n ge l & Volkers, the real estate firm announced its top producers of the month for the Victoria area. The top producers were Callaghan O’Connor, Chris

Don Boitson, President & Ch ief Operati ng Officer for Longview Aviation Western Operations, com mented, “T h is is a significant milestone for the CL-415EAF Enhanced Aeria l Fi refighter program that wouldn’t have been possible without the focus, hard work and dedication of the entire team. With the conversion kit manufacturing support from Viking, the technical production expertise of Cascade, and the project management team at LAS, we have collaborated to produce the best-value amphibious firefighting aircraft available on the market today. I’m extremely proud of everyone who has contributed to make this program a success.” Longview Aviation Services (L AS) of Calgary, Alberta, in cooperation with Viking Air Limited of Victoria, is pleased to announce the first Viking CL415EAF “Enhanced Aerial Firefighter” has taken its inaugural flight at Cascade Aerospace’s facility in Abbotsford.

-S

Re/Max A lliance Victoria congratulates their sales leaders for the month of February. They are Ron Neal, April Spackman, Laura Godbeer, Manpreet K a n d ol a , S e a n T h o ma s, Ja son L e sl ie, Rya n Fach, Alex Burns, Dallas King and Julie Swift. Re/ Max Alliance Victoria is at 770B Hillside Avenue.

Tanya Zakkour

Barrington Foote, John Byrne, Lewis Ratcliff, Cassie Kangas, Jim Leblanc, Scott Piercy, Krista Voitchovsky, the Chris and John Team, Scott Garman and Catherine Potin.

V i c t o r i a ’s e B u y N o w eCommerce Ltd (EBN) has entered into an amalgamation agreement with CE Brands Inc (CEBI) of Calgary. CE Brands will acquire all of the issued and outsta nd i ng secu rities of E BN. T he P rop ose d T ra n sact ion is subject to c e r t a i n c o n d i t i o n s a nd ap pl ic a bl e s h a reholder and TSX Venture Exchange approvals. Following the completion of the Proposed Transaction, CEBI intends to carry on the current business of E BN. E BN i s cu r rent ly developi n g, m a nu facturing, and distributing Kodak Smart Home products, including Cherish Home Security Cameras and Cherish Video Baby Monitors. EBN recently lau nched the Motorola Moto 360 SmartWatch, as well as a range of patented Air Purifiers.

Wellington-Altus Private Wealth welcomes The Schenk Group to its team. The Schenk Group is an i nvest ment por t fol io m a n ager for fa m i l ies and endowments across Canada that was founded in 1997. Wellington-Altus is at Suite 230 - 1515 Douglas Street.

CONTINUED FROM PAGE 24

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OPINION

MARCH 2020 A division of Invest Northwest Publishing Ltd. 200-3060 Cedar Hill Road, Victoria V8T 3J5 Fax: 1.778.441.3373 Toll free: 1.866.758.2684 Website: www.businessexaminer.ca

PUBLISHER/EDITOR | Lise MacDonald SALES | Robert MacDonald - robert@businessexaminer.ca, John MacDonald - john@businessexaminer.ca WRITERS | Beth Hendry-Yim, Kristin Van Vloten, Val Lennox, Robert MacDonald

DEMANDING “A LITTLE BIT MORE” FROM TOP EARNERS WILL COST EVERYONE

MARK MACDONALD

hen I heard NDP Finance Minister Carole James state her government was going to have BC’s top earners pay “a little bit more” while announcing the provincial budget, I did a double take, and experienced a little acid reflux. Why, wasn’t it only recently that the federal Liberals were demanding that the “one-percenters” would have to pay “a little bit more” prior to the last national election? A couple of quick questions: Do they have the same speech writers? And do those who spout such lower-income vote pandering statements really not understand the ramifications of the income class warfare they’re propagating? Study after study shows that when governments tax upper-level income earners, it backfires financially. The Conference Board of Canada has released fact-based

studies demonstrating that when taxation levels climb above 50 per cent, that it becomes counter-productive and actually reduces tax revenue. And now, due to Canada’s predominant tax-and-spend policies, top earners will now pay 52 per cent of their income to various levels of government. If the ill-conceived federal tax overhaul of two years ago would have been implemented, professionals in Ontario would have faced tax bills of 72 per cent. Think about that for a second. For every dollar they would earn, they’d get to keep a paltry 28 cents. It’s immensely perplexing why socialists and non-business groups never stop to analyze what excessive taxation of the so-called rich accomplishes at the end of day. They never seem to grasp the connection and the obvious link between high levels of taxes and lower levels of government revenue. Maybe they don’t believe it. Perhaps they just don’t care. Or maybe, just maybe, they know they don’t need to listen to the business community or investors to get elected. That’s where we sit today in North America. Left-of-centre parties have learned that all they need to do to form government is cater to their support base, which includes the vast majority of the

not-working and those that depend upon, government assistance. Which is paid for by those that work and invest in businesses and employ people. Lobby groups and third party political entities have that figured out. After all, 40 per cent of Canadians DO NOT pay income tax. That is an astounding figure If they just get the people who are totally dependent on government, plus the vast majority of public sector union members whose jobs are tax reliant, to the polls, they’re in. Add to that the fact that public sector unions are intimately involved in elections through funding, advertising, and providing workers to campaigns, it’s an almost unbeatable combination. When I campaigned in a recent election, I was astounded by direct questions from voters in public forums, who asked straight up: “What will you give me?” Were they saying that if they were to be given $50 more a month in welfare or income assistance, they would vote for them? Isn’t that social bribery – and equally as despicable as any party that would promise contracts for their companies if elected? Imagine the outrage if a rightof-centre party, or any politician, promised government contracts to certain companies in return for

their support. The outcry would be deafening, Anyone that did that would never get elected, and would be labeled as corrupt vote-buyers for the rest of their lives. But isn’t that exactly what the left-of-centre parties are doing to their support base? Catchy phrases like “tax fairness” and “the rich don’t pay their fair share” resonate resoundingly with their supporters, and they are bought off with free this, and free that – without any of them realizing that nothing is free. Somebody, somewhere is paying. But if it’s not them, who cares? Well, we should all care. The “them”, the “rich”, and the “one percenters” are an identifiable group. They are called by other titles: Investors. Entrepreneurs. Business owners. These are the individuals who are already paying for most of everything we enjoy and use. Hospitals, roads, government services – all expenses paid for by businesses and investors who dare to put their own money on the line in hopes of earning a decent return. Excessively taxing them doesn’t get what naïve government officials hope – more revenue. It results in less because when governments eliminate hope of return, or incentive, those prospective risk takers keep their hands in their pockets and close their wallets.

Why would they invest where there is no, or little, hope of a decent return? They don’t, and with money being increasingly fluid in a global economy, they move it elsewhere. Investment and entrepreneurship doesn’t blossom where it’s not wanted. So, as provincial and federal governments continue to flag the “rich” as the bad people who don’t “pay their fair share”, it’s disingenuous at best, and a colossal failure to acknowledge that they’re already paying for everything. And left wing supporters decry tax cuts, saying it doesn’t help 40 per cent of the people. Which is correct, because they’re already contributing nothing to the public purse. What do they expect? Give them another handout as congratulations for paying no taxes? Nevertheless, it resonates with their supporters, and keeps getting them elected. Hopefully, one day, they will realize that punishing the “doers” by redistributing their wealth to those who “don’t” is costly for everyone, including their supporters. That’s because the revenue streams that dry up when investors stop investing or move to where they’re welcome are what makes the entire system run. Without them, there are no services or social programs.

TECK DECISION UNDERSCORES INVESTMENT CRISIS IN CANADA

FRASER INSTITUTE NIELS VELDHUIS AND ASHLEY STEDMAN

anada has massive investment potential. We have an abundance of natural resources, one of the most highly-educated populations in the world, and reside next to the world’s most successful economy. We’re also among the freest countries in the world, with freedom of religion, assembly, movement and

trade. We’re the kind of country that investment should be flocking to in droves. Instead, investment is fleeing our country. And the cancellation of Teck Resources’ $20-billion Frontier oil sands mine is unfortunately just the latest example of investment flight. On Sunday, just days before the federal government of Prime Minister Justin Trudeau was expected to approve or reject the project, Teck CEO Don Lindsay sent a letter to federal Environment and Climate Change Minister Jonathan Wilkinson saying the company was officially withdrawing its application. For investors, this is more evidence of how politicized the regulatory process for major projects in Canada has become. The blame lies at the feet of the federal government, which recently created the Impact Assessment Agency of Canada (IAAC) to review major energy projects. This has injected significant subjective criteria into project analyses, including

‘social’ impact, gender implications and potential climate effects. And it has further politicized the process by placing final decisions on approval or rejection in the hands of the federal cabinet. The government has also created mass uncertainty with unsustainable federal budget deficits, tax increases on high-skilled workers and entrepreneurs, and more burdensome regulations. As a result, the government has made Canada less competitive and less attractive for entrepreneurs and investors. Canada has plummeted in competitiveness report cards such as the World Bank’s Ease of Doing Business report, where we dropped from fourth place in 2007 to 23rd in 2020, or the latest World Economic Forum’s Global Competitiveness Report, which ranks Canada 14th compared to secondplace United States. Also worrying is the hard investment data. According to Statistics Canada, inflation-adjusted business investment in Canada has declined by 5.3

per cent over the past five years. If you remove residential structures and business investment in machinery and equipment from the equation, investment in intellectual property and non-residential structures has decreased by 13.2 per cent. This isn’t just an oil and gas story. There’s been a significant drop in investment across 10 of the 15 major sectors of the Canadian economy, including agriculture, mining, utilities, professional and technical services, manufacturing and retail. Clearly, investors – foreign and Canadian – are fleeing our country for more favourable investment climates. In total, $150 billion has left Canada from 2014 to 2018. And while final numbers for 2019 aren’t yet available, data from January to September indicates another $23 billion left in the first nine months of last year. This has left our investment per worker rate in Canada ($13,078 in 2018) well below the U.S. number ($22,270). It also puts us below the average in the 16 developed Organization for Economic Co-operation

and Development (OECD) countries where data is available ($17,026). Given that investment provides the resources for new equipment, innovation and ultimately sustainable and prosperous employment for Canadians, this is bad news for Canada’s economic prospects. Canada is viewed by Canadian and foreign investors as an inhospitable place to invest. When a country or jurisdiction fails to offer a competitive investment environment – or when the rules and policies are uncertain and unstable – business owners, entrepreneurs and investors look elsewhere. That’s the tragedy of Canada and the latest decision by Teck Resources. We’re a country with all the natural advantages one could dream of, yet we’re destroying our potential. Niels Veldhuis and Ashley Stedman are economists at the Fraser Institute. The op-ed was coauthored by Milagros Palacios, a Fraser Institute economist.

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