Victoria Boosts Hotel Growth with Tax Break | Canada News

Victoria’s city council is rolling out a bold new plan to jumpstart downtown growth by slashing hotel development hurdles and offering a sweet tax break—temporarily, until 2035—to lure investors into the central business district, east of Douglas Street. With condos and offices cooling off amid rising costs, hotels are the hot ticket, and demand is soaring. Meanwhile, Old Town gets a makeover too—potential for light industry, labs, and artisanal shops without changing its density or height rules. Two council members voted no, worried about the tax break and calling for more public input, but most are on board. This isn’t just about bricks and mortar—it’s about reshaping Victoria’s economic future, one hotel room and one new business at a time. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e8c88740ca6efa5b