Why more newcomers to Canada are choosing Thunder Bay

Posted on August 4, 2022 at 08:00 AM EST

The low cost of living is what attracts many newcomers to Thunder Bay.

Although Thunder Bay is still an urban area with many of the amenities you can expect in a larger city, Thunder Bay is a very affordable place to live compared to major cities like Toronto or Vancouver. Thunder Bay has been rated by RE/MAX as one of the most affordable housing markets in Canada for finding your dream home or condominium.

Discover the benefits of moving to Thunder Bay!

Thunder Bay is the gateway to the Northwest and offers a blend of city life and a small town feel where the community matters. It focuses on welcoming people from diverse backgrounds and celebrates cultures. It is also home to many First Nations and Indigenous communities.

Thunder Bay offers incredible amenities for a community of this size. It also happens to be one of the cleanest and greenest cities in Canada and promotes a clean, green, beautiful and healthy community that offers economic opportunity, respects diversity, and provides affordable, safe, affordable neighborhoods for everyone.

Thunder Bay offers a relaxed, community-style lifestyle with an emphasis on family and balance. The area is known for its lush nature and outdoor activities such as sailing, skiing, hiking and being in the great outdoors.

In the recent past, there has been a focus on welcoming diversity and new immigrants to Thunder Bay, and there are three YouTube videos of immigrants and their views on moving to Thunder Bay which is an excellent resource for understanding living in Thunder Bay from an immigrant perspective.

Discover the benefits of moving to Thunder Bay!

The traditional sectors of the natural resource and manufacturing industries blend successfully with the new and evolving knowledge, education, and healthcare sectors, creating a balanced and diversified local economy.

There is a world of business opportunities to discover outside the big city. Equivalent professional jobs, craft jobs, superior nature and lower real estate prices are attracting more people from big cities to work in Thunder Bay.

It’s rare to find a diversified economy with a climate for innovation in smaller cities, but Thunder Bay has it! Disruptive SMEs, many world-leading universities and research institutions, international population, and industrial regeneration have transformed Thunder Bay in recent years. Today, Thunder Bay is home to major manufacturers, local businesses, creative studios, and public sector leaders.

With an average commute time of 10 minutes, a lower cost of living and a growing economy, more workers are finding exciting jobs in Thunder Bay. From electricians and plumbers to accountants and healthcare professionals, well-paid job opportunities exist in diverse sectors.

Our Thunder Bay CEDC team is available to help you identify new business opportunities, find the right property or land, hire the best talent, access business incentives and get reliable local advice.

With competitive land costs, construction costs and zero development fees, Thunder Bay is an ideal location for expansion and new construction. The city has a large amount of land earmarked for new development, and offers commercial, industrial and air space at a low cost. Our downtown urban centers also offer mixed-use and commercial properties suitable for both start-ups and expansions. We also regularly market development sites to small and medium developers.

Many well-known and profitable businesses are available to buy from current owners who are ready to retire and are looking for the right person to take over.

Buying a business has a number of advantages compared to starting a business from scratch. Buyers have a well-established customer base, stable cash flow, proven track record, existing senior management, existing operations and a track record of past business profitability. The risks associated with buying a company are much lower than the risks of starting a new business.

The Business Immigration and Investor Program allows a qualified applicant to enter Canada as a permanent resident (PR) by purchasing or investing in an eligible Canadian corporation.

With no development fees and reasonable land cost, Thunder Bay offers prime real estate for development.

Discover the benefits of moving to Thunder Bay!

We welcome you to review more resources below to help make your decision about calling Thunder Bay for your new home!

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