Regional District of Nanaimo

Industrial Vision Snapshot

Light Industrial to Residential Tax Ration

LIP in Nanaimo paid 2.67 times more tax than residential properties in 2013 for each dollar of assessed value. For the 6th consecutive year, this ration declined. Compared to BC, Nanaimo has a lower ration of light industrial to residential tax rate, but the difference has lowered since 2005. As with business to residential ratios, Nanaimo is in the middle of the pack compared to similarly sized BC cities.

Source: Ministry of Sport, Community, and Social Development, MNP calculations
http://www.investnanaimo.com/cms/wpattachments/wpID109atID52.pdf

Transportation and Warehousing Sector

The number of businesses in the Nanaimo area in the transportation and warehousing sector has declined by approximately 5% since 2006. This decline was the result of a 12% decline in businesses without employees and is consistent with the 2008 global economic slowdown which affected shipping, forestry, and tourism. Within the city of Nanaimo, however, the number of businesses classified in transportation and warehousing has been increasing.

Source: Statistics Canada Business Register
http://www.investnanaimo.com/cms/wpattachments/wpID109atID52.pdf

Nanaimo News Bulletin - "Duke Point struggling to chart industrial future" - November 29, 2013
http://www.nanaimobulletin.com/news/233088341.html