Canada’s Best Places for Business 2016

Whitby, Ont.

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Population: 133,973
Annualized population growth (%) 1.29
Avg. household income ($): 111,057
Total value of building permits issued, most recent year ($): 173,069,766
Avg. office lease rate ($ psf/yr): 26.87
Corporate income tax rate (%): 26.5
City website: www.whitby.ca

Market

Pop. within 1 hr commuting distance: 5,486,889
Adults who have completed apprenticeship, trades certificate or diploma (%): 5.79
Adults who have completed university degree (%): 26.41
Adults who have completed bachelor''s degree (%): 67.09
Unemployment rate, most recent month (%): 6.26

Costs

Avg. home price ($): 453,196
Avg. retail lease rate ($ psf/yr): 30.19
Avg. industrial lease rate ($psf/yr): 8.96
Avg. general lease rate ($psf/yr): 21.09
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): 0.1210
Peak electricity cost for mid-size industrial business ($/kWh): 0.1210

Taxes & Regulation

Business license cost ($): $50 to $199
Avg. processing time for building permit, most recent calendar year: Less than 3 weeks
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): 2.739310
Industrial property tax rate (% of assessed value): 3.999520
Small business income tax rate, if different (%): 15.0
Sales tax (%): 13
Special regulations or zoning: Whitby has several urban development areas. The West Whitby Development Area (FUDA 1) will be the location for over 26,000 new residents and jobs in the next decade. The Brooklin Secondary Plan identifies a health precinct that will serve as a cluster of health and medical related facilities. Additional incentives for a community improvement plan are being investigated for multi-residential and mixed use development

Other

Largest employers: Ontario Shores Centre for Mental Health; Region of Durham; Patheon
Leading industries: Manufacturing; Health Care; Government
Value of capital projects >$5 million planned or under construction ($ million): 1,946,570,000
Special amenities: Whitby is home to the Iroquois Park Sports Centre, Canada’s largest municipal sports centre. The Port Whitby Marina and Yacht Club is Ontario’s fifth-largest marina. The Lynde Shores and Heber Down conservation areas cover more than 500 hectares of outdoor recreational land.
Special economic development initiatives: Whitby is developing a former school into the Whitby Innovation Network, a technology business incubator.