Canada’s Best Places for Business 2016

Chilliwack, B.C.

scroll down
Population: 100,025
Annualized population growth (%) 1.22
Avg. household income ($): 76,038
Total value of building permits issued, most recent year ($): 146,293,446
Avg. office lease rate ($ psf/yr): N/A
Corporate income tax rate (%): 26.0
City website: www.chilliwack.ca

Market

Pop. within 1 hr commuting distance: 251,664
Adults who have completed apprenticeship, trades certificate or diploma (%): 13.05
Adults who have completed university degree (%): 12.44
Adults who have completed bachelor''s degree (%): 62.02
Unemployment rate, most recent month (%): 5.23

Costs

Avg. home price ($): 344,176
Avg. retail lease rate ($ psf/yr): 20.32
Avg. industrial lease rate ($psf/yr): 13.75
Avg. general lease rate ($psf/yr): 17.20
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): 0.1030
Peak electricity cost for mid-size industrial business ($/kWh): 0.1030

Taxes & Regulation

Business license cost ($): $50 to $199
Avg. processing time for building permit, most recent calendar year: More than 3 weeks
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): 1.633300
Industrial property tax rate (% of assessed value): 1.644300
Small business income tax rate, if different (%): 13.0
Sales tax (%): 12
Special regulations or zoning: N/A

Other

Largest employers: Chilliwack School District #33; Chilliwack General Hospital; Convergys
Leading industries: Manufacturing; Agriculture; Tourism
Value of capital projects >$5 million planned or under construction ($ million): N/A
Special amenities: Chilliwack has eight golf courses along with outdoor recreation facilities including lakes, beaches, white-water rafting and fishing. It is home to the Chilliwack Cultural Centre and hosts annual events such as Flight Fest and Fortin’s Village Classic Car Show.
Special economic development initiatives: Chilliwack hosts the Canada Education Park, 400-acre education and training development built on the former Canadian Forces Base.