Costs
Greater Montréal is a first-choice nearshore destination for companies seeking to establish a site that is close to their North American clientele. In terms of competitiveness of total operating costs, including all of the cost components a company must assume, Greater Montréal ranks 1st of the 20 largest metropolitan areas in Canada and the United States. according to the study Choix Concurrentiels.
A Significant R&D Cost/Benefit
According to the study Choix Concurrentiels. KPMG 2010, Montréal’s cost advantage isover 5% lower than the average for the 19 other majour North American metros. The cost advantage is particularly significant in the R&D and high-tech sectors. This stems, in part, from the generous R&D tax credits offered by the Québec and federal governments.
Competitive Salaries
Companies can benefit from the competitiveness of salary levels in Greater Montréal to reduce their labour costs as of January 1st, 2010. According to Economic Research Institute data, salaries in Greater Montréal are among the most competitive in the top 20 metropolitan areas in North America.
According to the Economic Research Institue in january 2010, salaries for some high-level occupations range from 3% to 11% lower in Greater Montréal.
Premises at Attractive Prices
Greater Montréal offers industrial and office space at extremely competitive costs, both in downtown and in the adjoining business districts on Montréal’s north and south shores. According to data from Cushman & Wakefield, the Montréal area ranks 1st among the largest metropolitan areas in Canada and the United States for the competitiveness of total occupation costs of office space (2010). It also ranks 3rd for total occupation costs of industrial space (2010).
Highly Competitive Energy Costs
Regarding energy costs, the government utility, Hydro-Québec, offers some of the most competitive and stable rates in the world. The competitiveness of these rates answers directly to the needs of foreign investors to reduce their energy supply costs. The vast water reserves in Québec, combined with an ultramodern transportation and distribution network, assure a reliable supply and beneficial rates for companies that set up in Greater Montréal.
