Canada’s Best Places for Business 2016

Peterborough, Ont.

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Population: 124,332
Annualized population growth (%) 0.36
Avg. household income ($): 79,609
Total value of building permits issued, most recent year ($): 97,000,000
Avg. office lease rate ($ psf/yr): N/A
Corporate income tax rate (%): 26.5
City website:


Pop. within 1 hr commuting distance: 446,984
Adults who have completed apprenticeship, trades certificate or diploma (%): 8.33
Adults who have completed university degree (%): 21.66
Adults who have completed bachelor''s degree (%): 59.34
Unemployment rate, most recent month (%): 3.98


Avg. home price ($): 304,149
Avg. retail lease rate ($ psf/yr): N/A
Avg. industrial lease rate ($psf/yr): N/A
Avg. general lease rate ($psf/yr): 3.40
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): 0.0345
Peak electricity cost for mid-size industrial business ($/kWh): 0.0345

Taxes & Regulation

Business license cost ($): $50 to $199
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): 3.420000
Industrial property tax rate (% of assessed value): 3.890000
Small business income tax rate, if different (%): 15.0
Sales tax (%): 13
Special regulations or zoning: N/A


Largest employers: Peterborough Regional Health Care; GE Canada & GE Hitachi; City of Peterborough
Leading industries: Manufacturing; Education; Health Care
Value of capital projects >$5 million planned or under construction ($ million): 984,676,000
Special amenities: N/A
Special economic development initiatives: N/A