What Can Statistics Tell us About Victoria Insurance?
The city of Victoria in British Columbia is considered by many to be one of Canada’s most attractive cities. Victoria is situated on a peninsula, bordered by the Haro and Juan de Fuca straits, with the San Juan Islands to the east, the Olympic Mountains to the south, and the densely forested Malahat Ridge, Sooke Hills and fjord-like Saanich Inlet to the west. Victoria is one of the oldest cities in the Pacific Northwest and retains many of its historic buildings. It was named after the United Kingdom's Queen Victoria, with British settlement beginning in 1843. At the beginning Victoria was a small community of fewer than 1,000 people until the Fraser River and Cariboo Gold Rush initiated a boom.
Known as "The Garden City", Victoria has a lot to offer, with a booming technology sector, a thriving tourist industry, world-renown educational institutions like the University of Victoria, Royal Roads University and the Victoria College of Art, and a temperate and usually snow-free climate. With its wonderful relaxed pace as compared to many other cities, it’s no surprise that it’s a favourite for many retirees as well.
With our interest in the Victoria insurance industry, we looked at the census data for the region to try to gain some insight into the types of insurance Victoria residents most often need and use.