Canada’s Best Places for Business 2016

Squamish, B.C.

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Population: 20,137
Annualized population growth (%) 2.25
Avg. household income ($): 96,569
Total value of building permits issued, most recent year ($): 98,596,520
Avg. office lease rate ($ psf/yr): N/A
Corporate income tax rate (%): 26.0
City website: www.squamish.ca

Market

Pop. within 1 hr commuting distance: 64,860
Adults who have completed apprenticeship, trades certificate or diploma (%): 13.9
Adults who have completed university degree (%): 21.90
Adults who have completed bachelor''s degree (%): 60.02
Unemployment rate, most recent month (%): 6.40

Costs

Avg. home price ($): 476,145
Avg. retail lease rate ($ psf/yr): 26.82
Avg. industrial lease rate ($psf/yr): N/A
Avg. general lease rate ($psf/yr): 19.13
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): 0.1114

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): 1.227470
Industrial property tax rate (% of assessed value): 1.664220
Small business income tax rate, if different (%): 13.0
Sales tax (%): 12
Special regulations or zoning: N/A

Other

Largest employers: Vancouver Coastal Health; School District 48; District of Squamish
Leading industries: Natural Resources; Tourism; Construction
Value of capital projects >$5 million planned or under construction ($ million): 42,191,000
Special amenities: Squamish offers easy access to mountain biking, rock climbing hiking and skiing. The city is home to two university campuses.
Special economic development initiatives: Squamish provides three-year tax exemptions in priority development areas.