Technically the local economy is not always growing and there are a multitude of variables, such as the discouraged worker effect.
Anyway, the long term data suggests working people have been coming to Victoria at a rate of over 5,000 people per year. The growth roughly corresponds to our population growth (which was roughly 5,000 additional people in the Victoria CMA per year, as per the 2016 Census). Our participation rate is right in the range of historical levels.
There are lots of ways to look at labour force data, and no single metric is perfect. Unfortunately, the economists have not come up with a perfect metric. Social and demographic factors have massive impacts on the participation rate on top of discouraged workers and students. Interesting, youth and the elderly both have downward effects on the labour force participation rate as both groups have lower than average rates (I believe StatsCan starts counting at the age of 15).
Going back to 2001, the average labour force participation rate for the Victoria CMA is 64.26. Over the last 12 months, it's 64.52. There is a recent downward trend since September. Did working people start moving away en masse in the last 5 months?