Collingwood, ON and Kelowna, BC top list; Saskatoon & Regina drop off top 10 ranking
Regina, October 17, 2016 – Governments and policy-makers seeking inspiration on how to promote business growth and foster entrepreneurship don’t need to look any further than CFIB’s ninth annual Entrepreneurial Communitiesreport.
The rankings show a notable trend in favour of regions surrounding Canada’s large metropolitan areas, with Collingwood, Ontario taking the top overall spot and Kelowna, BC scoring first for larger cities. Both Saskatoon and Regina dropped off the top 10 list with their rankings declining from 2015.
“What’s most striking about the rankings is how many of these communities are in the outlying suburban areas,” said CFIB chief economist Ted Mallett. “The suburban ring areas surrounding major metropolitan centres score higher than the downtown cores, which may speak to lower relative costs and nearby access to large markets.”
Ontario communities fared well in the 2016 rankings, taking three of the top 10 spots for major cities and two for mid-sized cities. British Columbia cities are also well-represented, taking three of the top 10 spots for both large and mid-size cities. The Montreal periphery cracked the top 10 for large cities for the first time.
Broad economic conditions are clearly reflected in this year’s rankings, with a number of Alberta and Saskatchewan communities sliding downwards due to fallout from low oil prices and sluggish provincial economies. “While Saskatchewan continues to be a good place to own and operate a business, it’s evident our economic challenges are impacting our competitiveness,” said Marilyn Braun-Pollon, CFIB’s vice-president, Prairie and Agri-business. “We also fear annual municipal property tax hikes and unsustainable spending has taken a toll on entrepreneurs, which has also jeopardized our rankings.”
Top 10 overall scores, major cities
( CMA population >150,000)
Score: (/100) Rank in 2015
1. Kelowna 72.0 2
2. Toronto periphery 69.1 5
3. Barrie 68.8 7
4. Guelph 64.8 6
5. Sherbrooke 64.5 11
6. Calgary periphery 63.5 1
6. Victoria 63.5 16
8. Vancouver periphery 62.6 8
9. Montreal periphery 61.2 34
9. Abbotsford-Mission 61.2 14
20. Saskatoon 57.4 4
28. Regina 54.5 9
The report comes at the beginning of Small Business Week in Canada and takes an in-depth look at how 121 cities/economic regions support and promote entrepreneurship. It scores each of them out of 100, examining 14 indicators across three main categories – Presence, Perspective and Policy.
“It’s a great tool for communities and business owners to gauge what’s working and what’s not when it comes to laying the groundwork for entrepreneurial growth,” added Mallett. “It’s like a snapshot in time that reflects business confidence and government policies that shape the business landscape.”
To arrange an interview with Marilyn Braun-Pollon, CFIB’s Vice-President Prairie & Agri-business, please call (306) 757-0000, 1-888-234-2232 or email mssask@cfib.ca. Follow CFIB Saskatchewan on Twitter @cfibsk.
To arrange an interview with Ted Mallett, please contact Kiara Morrissey at 416-222-8022, 647-464-2814 or public.affairs@cfib.ca.
CFIB is Canada’s largest association of small- and medium-sized businesses with 109,000 members (5,250 in Saskatchewan) across every sector and region.