B.C. entrepreneurs face Canada's worst cost-of-living crisis, yet many remain committed to the province
By
Adrienne Matei
Summary
British Columbia's business owners are facing the worst cost-of-living pressures in Canada, with 71% of founders saying it makes entrepreneurship difficult. The article profiles chef Rahul Negi and his partner Honoka Saito, who opened Loam Bistro in North Vancouver in 2024, highlighting the challenges of running a passion-project restaurant in an increasingly expensive province. Despite the financial squeeze, many entrepreneurs remain committed to B.C. due to lifestyle, community ties, and the unique character of the region.
Source
bskyB.C. entrepreneurs face Canada's worst cost-of-living crisis, yet many remain committed to the provincebegiant.caKey quotes
· 3 pulledRunning a business like Loam is a passion project – not a get-rich strategy.
Negi would tell any would-be restaurateur to expect a bumpy ride.
71 per cent of founders in British Columbia say the cost of living makes entrepreneurship difficult.
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