More than 72,000 B.C. businesses closed their doors between March and October 2020
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More than 72,000 B.C. businesses closed their doors between March and October 2020

It’s been one year since the pandemic changed almost every aspect of business, work and life. Here’s a look at a few of the local impacts of COVID-19

2/3 of British Columbians say they’re coping well with the pandemic

72,063 - estimated business closures in B.C., March-October 2020

+24.6% YoY

66,484 - estimated launches

+14.3% YoY

B.C.’s top 5 industry winners and losers by employment, December 2019 vs. 2020

Utilities: +55.1%

Agriculture: +14%

Natural resources: +13.7%

Manufacturing: +8.4%

Professional, scientific and technical services: +6.9%

Construction: -11.7%

Information, culture, recreation: -9.2%

Accommodation and food services: -8.5%

Transportation and warehousing: -4.7%

Finance, insurance, real estate, rental and leasing: -3.5%

B.C. workers supported by the federal pandemic wage subsidy in March vs. October 2020: 444,490/247,240 

Average monthly payout: $2,039/$807

Domestic and international passengers at YVR, April-November 2020: 2,063,070

-88.6% YoY

Total cargo moving through the airport in that period: 152,770 tonnes

-25.9% YoY

89% of Canadians who have had to work from home found the experience largely positive

At 16%, British Columbians were most likely to describe it as negative

93,953 B.C. residential unit sales in 2020

+21.5% from 2019

Total value: $73.5 billion (+35.6%)

In an Ipsos survey on 2020 lifestyle changes:

46% of British Columbians said they cut their spending

31% gained weight

24% worked from home

18% drank more

15% lost their job

Overall projected decline in provincial GDP for 2020: -6.2%

$10 billion+ in provincial response measures earmarked by December 2020

Sources: Insights West, Statistics Canada, Canada Revenue Agency, Industry Canada, Vancouver International Airport, Leger, British Columbia Real Estate Association, Ipsos, Government of B.C.