Nanaimo’s Economic Profile

With its comfortable climate, beautiful natural surroundings, affordable housing, strong labour market, exceptional recreational opportunities and relaxed lifestyle, Nanaimo is emerging as the favored place to “live, work and play” on Vancouver Island.

Many young families are moving here, looking at self-employment and entrepreneurial opportunities. The City boasts an excellent school system and expanding facilities at VIU (Vancouver Island University).

More people means more demand for local products and services. In recent years, Nanaimo’s economy has moved from a base largely dependent on the forestry sector to a diversified base including retail and wholesale trade, construction, manufacturing, knowledge-based and technology companies, and government services. Enterprising entrepreneurs have created hundreds of new businesses to take advantage of new markets. More products and services mean more variety and strengthening of Nanaimo’s role as a regional service centre for much of Vancouver Island.