Friday, November 23, 2018

In the 19th year of its publication, the NAIOP Cost of Business Survey has quantified development costs and processing times for 20 Metro Vancouver municipalities to provide its membership and the business community as a whole with a reference tool when considering development areas. The survey is also intended to be utilized by the municipalities, whose active participation makes this survey possible, as a gauge for their own development costs and approval processes compared to those of their neighbours.

The report also acknowledges municipalities that have excelled in creating environments positive to business creation. The 2018 winners of the 2018 NAIOP Awards for Municipal Excellence are:

Most Improved: City of Port Coquitlam demonstrated a 70% reduction in fees from 2016 to 2018, more than double the next closest municipality in terms of reduction over that time period.

Most Fiscally Responsible: City of Surrey has managed to keep an annual average inflation rate of 1.66% from 2006 to 2018

Most Business-Friendly: City of Burnaby for their support of density and mixed use office developments.

Read the 2018 Cost of Business Survey Report here.

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