Business Opportunities and Market Trends of BC

Business Ideas & Market Trends of BC

Business Opportunities, Stories

British Columbia’s business landscape has experienced a range of different market trends over the years, but now in a post-pandemic world, it presents viable business investment opportunities. Investors should keep in mind key areas, including e-commerce business start-ups, technology companies, tech marketplaces, utility companies, and our industry.  The market trends of BC are now geared towards two major initiatives: clean energy and business start-ups . The two concepts are being spread across several industries, giving investors more opportunities to find viable business investments and a chance to create a better future for Canada and the world.

Key Investment Opportunities in BC Marketplace

The Utility Sector – Electricity

Canada’s focus on greener, cleaner energy has been recognized by the world. There aren’t many business start-ups in the sector, but the demand for investments is still on the rise as BC’s electricity consumption grows. The shift to electric cars is driving this change, but several businesses are looking to compete with the car manufacturer’s technology. The industry is still relatively untapped and therefore presents a viable investment opportunity.

BC Aging Population

As more immigrants pool in and Canadians live longer, the number of retirees in the community is growing, especially in Nanaimo. The warmer province is a suitable retirement destination, and the rise in demand is steadily increasing the scope of our real estate industry.

E-Commerce Industry

With $32.4 billion spent online, the ever-growing ecommerce market is going hand-in-hand with BC’s tech industry. There are numerous investment and business opportunities for startups here. This includes opening an e-commerce store and the warehouse/distribution service, automation service, web development, fulfillment, and more.

BC’s Tech Sector

Canada’s tech marketplace has grown considerably. With tech hubs taking roots almost everywhere, led by HootsuiteSlack, and Unbounce, BC’s tech industry is expanding rapidly. New technologies where business opportunities are scaling include augmented reality, AI/ML, and AR/VR art galleries.

 

Check out the Vancouver Island Corridor communities for the vast investment opportunities they offer to help you capitalize the market trends of BC.

 

To find out more about the investment and business opportunities in Vancouver Island Corridor, or if you are a business in the region and have a story you’d like to be featured on TechIsland. Contact us:

Amrit Manhas

Economic Development Officer

250-755-4465

Amrit.manhas@nanaimo.ca