Cost Competitiveness
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.
PROPERTY TAXES
Compare Welland’s property tax rates with those of other nearby cities and it’s clear that Welland is open for business.
| INDUSTRIAL | COST/SQ.FT. |
|---|---|
| Welland | $1.33 |
| Fort Erie | $1.18 |
| Pelham | $1.50 |
| Wainfleet | $1.98 |
| Niagara Falls | $1.69 |
| Lincoln | $1.78 |
| West Lincoln | $1.93 |
| St. Catharines | $2.02 |
| Port Colborne | $1.95 |
| Thorold | $1.83 |
| Grimsby | $2.69 |
| Niagara-on-the-Lake | $2.15 |
| Hamilton | $2.51 |
| Oakville | $2.61 |
| OFFICE | COST/SQ.FT. |
|---|---|
| Lincoln | $1.91 |
| Welland | $2.60 |
| Fort Erie | $2.43 |
| Niagara Falls | $2.51 |
| Thorold | $2.61 |
| St. Catharines | $2.96 |
| Port Colborne | $3.35 |
| Niagara-on-the-Lake | $3.11 |
| Hamilton | $3.22 |
| Grimsby | $4.49 |
| LAND | COST/ACRE |
|---|---|
| Wainfleet | $595 |
| Pelham | $621 |
| Port Colborne | $1,059 |
| Welland | $1,576 |
| West Lincoln | $1,767 |
| Fort Erie | $1,667 |
| Niagara Falls | $4,686 |
| Lincoln | $5,059 |
| Niagara-on-the-Lake | $5,920 |
| Thorold | $7,232 |
| St. Catharines | $7,875 |
| Grimsby | $10,471 |
| Hamilton | $14,272 |