Skip to content
Why Peterborough?

Cost of Business

Peterborough & the Kawarthas offers affordability as a place to live and to work.

With a wide array of government incentive programs and services offered in Ontario, locating your business here in Peterborough & the Kawarthas allows you to take advantage of competitive corporate tax rates and helps your business save on costs associated with research, development and innovation; labour costs; and start-up and expansion activities. The general corporate income tax rate in the Province of Ontario is 11.5 percent. The Ontario small business deduction (SBD) allows Canadian-controlled private corporations (CCPCs) to reduce the income tax rate on their first $500,000 of active business income to 4.5 percent.

Looking to build?

Here’s what can you expect in terms of average land costs for your business.

  • City Owned Industrial Land: $100,000 per acre
  • Private Ownership Industrial Land: $175,000 per acre
  • Major corridor Commercial Land: $500,000 per acre

Looking to Lease?

Here is what you can expect for approximate property costs.

Type of PropertyNet RentTMI
Industrial$6.50 to $7.00 per sq. ft $4.00 sq.ft
Office Space$12.00 sq. ft (existing)$7.00 to $8.00 sq.ft
Office Space$18.00 sq.ft (to build)$9.00 to $10.00 sq.ft
Downtown Office Space$8.00 to $12.00 sq. ft$5.00 to $7.00 sq.ft
Mall Retail$22.00 to $25.00 sq.ft$9.00 sq.ft
Restaurant$19.00 to $21.00 sq. ft$9.00 sq.ft