There are a number of different things to remember when starting a business in Montreal. You’ll need to look into the social economy of Montreal, the development hubs and the clientele. But with so much information how do you know where to start?
The city of Montreal has separated itself from other major cities across Canada. It’s done this by using social innovation and adopting a partnership based approach to starting a business. This partnership includes many distinctive layers, with the Social Economy Bureau overseeing the structure.
A commercial street in Montreal usually consists of 50 businesses. The rent concerning commercial buildings depends on the area that live in and further research will need to be conducted. That said, the annual rent per square foot is $300.00 (US$) on Rue Sainte-Catherine Quest. This is just higher than Toronto, who sits at $280.00 (US$) ON Bloor Street West.
For the last 5 to 6 years the island of Montreal, including airport etc, has undertaken a continuous development. This was created to modernize the city and create a newer vision. This included the development of commercial arteries and industrial areas. Starting a business in Montreal now will be beneficial to your development, but if you are too late then the city’s success may leave for with additional startup costs.
For more information on starting a business in Montreal contact the Winflow Financial Group.
At Winflow Financial Group, our consultants help entrepreneurs with our experience. Tell us about your business or investment today and find out how we can help your business save money and grow.