Victoria Employment Trends

The unemployment rate in Victoria was 3.7% as of November 2024, unchanged from the previous month. The unemployment rate stood 7.4% below the peak in July 2020 and is below the long-run average.

There were 700 fewer full-time jobs in November 2024 compared to a month earlier. A loss of 600 part-time positions led to a decrease of 1,300 total jobs in November.

Full-time employment was still down 3,100 jobs from the peak in July 2024.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Victoria Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Victoria Employment Trends assumes any responsibility or liability. Copyright ©2025. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Victoria Real Estate Board