Cranbrook has five major transportation terminals.
By The Numbers
- Land: $7,500 per acre for unserviced industrial land}
- Housing: Average single family detached home is $250,000.
- Electricity: Between $0.08 – $0.11 KWh.
- Commercial space: For rent $5.00 – $10.00 per square foot.
From new high-tech upstarts to value added manufacturing or home-based knowledge workers that service global clients, businesses in our region see the benefit of low costs and access to experienced support services.
Both communities have business friendly local governments with elected officials who know what it takes to run successful businesses, and who strive to make business easier. We have competitive industrial property tax rates and incentives to encourage investment.
Did you know? British Columbia has the lowest corporate and personal tax rates in Canada. In 2015, the average personal tax rate was lower in B.C. than in any other province (less than 30% for first $100K income). B.C.’s 11% corporate tax rate is the lowest in Canada.