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This paper presents the results of regional seismic risk assessment studies that were carried out for two cities in southwestern British Columbia, Vancouver and Victoria. Ground shaking intensity in the area was obtained using the seismic source zones delineated by the Geological Survey of Canada for a probability level of 10% chance of exceedance in 50 years. Building inventories were compiled by aggregating data from sidewalk surveys as well as municipal databases. Modified Mercalli intensity-based damage matrices that relate the level of ground shaking to the amount of damage expected in different types of structures were used to estimate damage to structural and non-structural components of buildings. Estimated damage and loss distributions were mapped on a block-by-block basis. The historic sections of the cities were estimated to have damage levels between 10% and 30% of the replacement cost, while in the rest of the cities the estimated damage was generally in the 5% to 10% range. The results show the estimated economic loss distribution is considerably different from the damage distribution. Although the older neighbourhoods of the cities are expected to suffer highest amount of damage, the highest amount of economic loss is estimated to occur in areas with concentration of concrete high-rise buildings. [ABSTRACT FROM AUTHOR]