A Sound Business Investment Environment
We’re a part of Halton Region, a municipality located in Southern Ontario. Standard & Poor’s, the largest of America’s big three credit rating agencies, has awarded Halton an “AAA” rating, the highest credit rating possible.
Average land prices here are at $1,001,880/acre ($23/ft2), considerably lower than communities closer to the Toronto core, such as Mississauga – which averages $1,611,720/acre ($37/ft2).
We have some of the lowest net rents on average in the West GTA, with industrial space at $16.32/ft2. Office space asking net rent is at $16.11/ft2, compared to Mississauga at $17.44/ft2, Oakville at $18.39/ft2 and Toronto at $34.57/ft2.
Our municipal tax rates provide a competitive advantage for office and industrial spaces when compared to the nearby communities of Hamilton, Brantford, Cambridge, Kitchener and Waterloo.
The City of Burlington’s Rates and Fees’ page provides current and previous years’ tax rates for all classes of property.
Cheaper Development Costs
Total costs for office and industrial developments are competitive here relative to our city’s proximity to Toronto. Industrial development costs are particularly attractive when contrasted with Mississauga, Oakville and Markham.
Site Plan Fees
Site plan fees for both industrial and office developments are substantially less when compared to almost every other nearby region. Here is a breakdown of our city’s development costs, compared to neighbouring districts.
Building Permit Fees
We charge some of the lowest building permit fees for industrial development.
Industrial Building Expansion Development Charges
No development charges will be levied if the total floor area of an existing industrial building is enlarged by 50% or less.
If a building is being completely or partially demolished and rebuilt, there will be a credit based on the pre-existing size of the building.
Commercial Expansion Development Charges
Don’t pay Commercial development charges if you are expanding an existing building, on the same lot, with a use that is similar or subordinate to the existing use.
Are You Ready to Seize Opportunity?
Let us show you why Burlington is the perfect location for your business.