The natural harbour occupied by CFB Esquimalt supports the ships of the Canadian Pacific Fleet, with 4000 military service personnel and 2000 civilians working onboard ships or at the base. Add to this their families, and it can be seen that there is a considerable military community in the Victoria region. The base contributes about $340 million annually to the local economy. There is a rich naval history on the west coast of Canada, beginning in 1846, when the Royal Navy established a presence in Esquimalt, to the current operations of Maritime Forces Pacific.

Recently, there has been a spate of redevelopment projects that have rejuvenated the eastern shoreline. These condominium developments provide stunning views of Victoria and the harbour, and are highly desirable properties due to their proximity to the city. Overall demand for housing continues to flourish in Esquimalt because of the well established infrastructure and amenities, and friendly seaside atmosphere.