Cost Competitiveness
Welland and Niagara are well positioned in terms of cost-competitiveness. Competitive shovel ready land, commercial and industrial taxes, utility prices, and cost of living make Welland a great location to own and operate a business.
Shovel-Ready Industrial Land
Welland is promising to be a strong candidate for the province’s next industrial real estate powerhouse. With the recent opening of its fourth industrial park, Welland currently possesses a large portion of shovel ready industrial land that is a fraction of the cost of what’s available in the Greater Toronto Area.
Business-Friendly Property Taxes
Compare Welland’s property tax rates with those of other nearby cities and it’s clear that Welland is open for business. Compare Welland’s costs with other growing Ontario municipalities (source: 2023 BMA Report):
Standard Industrial Property Tax
Cost per square foot
Welland Advantage 12% LOWER
Selected Ontario municipalities
| INDUSTRIAL | COST/SQ.FT. |
|---|---|
| Welland | $1.44 |
| Waterloo | $1.86 |
| Whitby | $1.97 |
| Guelph | $2.16 |
| St. Catharines | $2.33 |
| Brampton | $2.36 |
| Hamilton | $2.64 |
Office Property Tax
Cost per square foot
Welland Advantage 13% LOWER
Selected Ontario municipalities
| OFFICE | COST/SQ.FT. |
|---|---|
| Welland | $2.78 |
| St. Catharines | $3.26 |
| Whitby | $3.38 |
| Hamilton | $3.47 |
| Guelph | $4.15 |
| Brampton | $4.19 |
| Waterloo | $4.66 |
Industrial Vacant Land
Cost per acre
Welland Advantage 60% LOWER
Selected Ontario municipalities
| LAND | COST/ACRE |
|---|---|
| Welland | $2,017 |
| Whitby | $7,769 |
| Guelph | $8,669 |
| St. Catharines | $10,449 |
| Waterloo | $13,997 |
| Hamilton | $14,971 |
| Brampton | $24,015 |