Canada’s Best Places for Business 2016

Collingwood, Ont.

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Population: 21,433
Annualized population growth (%) 1.67
Avg. household income ($): 81,930
Total value of building permits issued, most recent year ($): 380,591
Avg. office lease rate ($ psf/yr): 10.50
Corporate income tax rate (%): 26.5
City website: www.collingwood.ca

Market

Pop. within 1 hr commuting distance: 275,979
Adults who have completed apprenticeship, trades certificate or diploma (%): 6.98
Adults who have completed university degree (%): 23.23
Adults who have completed bachelor''s degree (%): 69.66
Unemployment rate, most recent month (%): 5.79

Costs

Avg. home price ($): 422,696
Avg. retail lease rate ($ psf/yr): 24.00
Avg. industrial lease rate ($psf/yr): N/A
Avg. general lease rate ($psf/yr): 26.88
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): N/A
Peak electricity cost for mid-size industrial business ($/kWh): N/A

Taxes & Regulation

Business license cost ($): No fee
Avg. processing time for building permit, most recent calendar year: Less than 2 weeks
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): 0.952300
Industrial property tax rate (% of assessed value): 1.170100
Small business income tax rate, if different (%): 15.0
Sales tax (%): 13
Special regulations or zoning: Collingwood’s Official Plan identifies several commercial and industrial zones in which developments must adhere to specific zoning regulations. Commercial zones include downtown core, regional commercial district, resort commercial, mixed-use commercial, highway Commercial, local convenience commercial, special policy healths services and secondary plan or restrictive commercial zones. Industrial zones include light, general, waste disposal and industrial exception or business park zones.

Other

Largest employers: Collingwood General & Marine Hospital; Town of Collingwood; E3 Community Services
Leading industries: Retail; Health Care; Tourism
Value of capital projects >$5 million planned or under construction ($ million): 45,255,498
Special amenities: Collingwood has five downhill ski clubs and three cross-country, along with Wasaga Beach on Georgian Bay, 70 kilometres of walking trails and 650 kilometres of cycling routes.
Special economic development initiatives: Collingwood is home to the Business Development Centre, and has focused on broadband accessibility with three high-speed Internet providers. It hosts the Business in Motion Speaker Series. It is home to a campus of Georgian College.