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Business Costs

Business Environment

  • Attractive foreign investment opportunity with many multinational firms.
  • Over 20,000 registered businesses employ more than 85,000 people.
  • Halton Region is financially stable, having received an AAA rating from Standard and Poor’s.
  • Burlington provides a pro-business environment and competitive tax rates.
  • Innovative and collaborative partnerships between local businesses, community stakeholders and educational institutes.

 

Competitive Business Costs

Property Values

Burlington has some of the lowest net rents on average in the West GTA with industrial space at $5.23/ft2 or roughly $56.30/m2 (CBRE 2016 Q4 Industrial) and office space at $$16.61/ft2 or roughly $178.79/m2 (CBRE 2016 Q4 Office)

Average land prices in Burlington at $850,000/acre are considerably lower than communities closer to the Toronto core, such as Mississauga which averages $1,415,000/acre (CBRE Q1 2018 Research)

Total Annualized Cost of Office Development

Source: CBRE Research, June 2018


 

Building Permit

Burlington has amongst the lowest building permit fees for industry and competitive fees for industrial.

Source: Municipal websites, 2018

Fast Track Building Permit Service

In addition to the regular permit fee payable for the entire project, a required premium fee equal to the greater of 50% of the regular permit fee or the min./max. of: Commercial Projects – Min. $750 – Max. $7500 (flat fee).


 

Tax Rates

The tax rates for city and regional purposes are determined as a result of city and regional council approval of their respective budgets. The tax rates for all classes of property are calculated as a “multiplier” of the residential tax rate (RT) based on the transition ratios approved by regional council. The province establishes the tax rates for educational purposes.

Click here for a table of current tax rates.


 

Development Costs

Key statistics that provide insight on Development Costs in Burlington including development charges, land acquisition costs, building permit fees, and site plan fees.

Download the Data: