The City of Parksville was recently recognized as one of B.C.’s most economically resilient cities.
Parksville placed fifth on the list by BC Business magazine, down a few spots from its second place finish last year. The city was 15th on the magazine’s 2020 list.
The annual ranking of 50 B.C. communities examines 10 indicators, such as social and economic resilience, population growth, resident sense of belonging and environmental aspects.
“Many factors contribute to Parksville’s successful ranking, such as increased rental inventory for all ages and abilities; low municipal debt; substantial accumulated surplus; environmental initiatives; expedited building permit approvals; infrastructure renewal; and a strong desire to make the changes necessary to grow our economy,” said Parksville Mayor Ed Mayne.
Parksville sits behind Langford, New Westminster, Comox and Kelowna on the list. North Vancouver, Langley, Central Saanich, Coquitlam and Courtney rounded out the top 10.