We hear about Ikea all the time and, no, they are not coming, she said Thursday. Ikea requires a much larger demographic than what is on the Island. Victoria has very expensive land and they build in more industrial areas and that s not what we have here.
Burlington, Ont.-based Ikea Canada confirmed it has no plans to open a store on the Island any time soon, leaving faithful fans of the Swedish-based home-furnishings retailer to take ferries to its Lower Mainland stores.
Uptown was by far the highest appraised commercial property in Greater Victoria for 2012 at $240 million, according to B.C. Assessment, which also has its head office at the Saanich shopping centre.