VICTORIA IS GOING TO BE LIKE A MINIATURE MONACO FOR CANADA AND WITH THE MONACO, COMES A LOT OF PEOPLE."
Victoria is sooo small, it's even smaller than cities that are but a fraction of its size.
Monaco is the size of downtown Victoria and has a total population that's less than the combined population of Oak Bay & Esquimalt. As far as I can tell, Monaco draws something on the order of 6 million tourists per year (this number includes Italian and French "excursionists" who don't actually spend the night within Monaco). There are ~2,500 hotel rooms in Monaco. Tourism Victoria says there are 7,000 rooms in Greater Victoria.
Granted, Monaco is very dense -- much more so than Victoria or any Canadian city, obviously -- in terms of population and in terms of hotel rooms. But it's dense because it's tiny.
Thus -- and keeping in mind the proposed highrise development in Victoria's suburbs -- it probably would have been more correct to say, "Victoria is going to be like a gigantic Monaco for Canada...".