Canada’s Best Places for Business 2016

Newmarket, Ont.

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Population: 88,783
Annualized population growth (%) 1.46
Avg. household income ($): 106,799
Total value of building permits issued, most recent year ($): N/A
Avg. office lease rate ($ psf/yr): 31.54
Corporate income tax rate (%): 26.5
City website:


Pop. within 1 hr commuting distance: 6,317,167
Adults who have completed apprenticeship, trades certificate or diploma (%): 6.7
Adults who have completed university degree (%): 25.51
Adults who have completed bachelor''s degree (%): 66.72
Unemployment rate, most recent month (%): 6.60


Avg. home price ($): 540,449
Avg. retail lease rate ($ psf/yr): 35.60
Avg. industrial lease rate ($psf/yr): 12.48
Avg. general lease rate ($psf/yr): 30.48
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 ($): N/A
Avg. processing time for building permit, most recent calendar year: N/A
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): N/A
Industrial property tax rate (% of assessed value): N/A
Small business income tax rate, if different (%): 15.0
Sales tax (%): 13
Special regulations or zoning: N/A


Largest employers: N/A
Leading industries: N/A
Value of capital projects >$5 million planned or under construction ($ million): N/A
Special amenities: N/A
Special economic development initiatives: N/A