As any Canadian business owner will tell you, this is a great country in which to open a startup. Not only is the labour pool strong and well-stocked with worthy, smart and charismatic individuals, but government regulations and financial statistics highlight that it's a great environment for growth and success.
However, within Canada, there are a number of urban areas that are particularly welcoming of new entrepreneurs. A recent Canadian Federation of Independent Business (CFIB) report revealed the top communities where new owners might want to look to start a new company or expand their current offerings.
CFIB named Greater Calgary as the top major city in which to start a new company for the second year in a row. With a score of 68 out of 100, it narrowly beat out Saskatoon for top honors. Calgary received the highest rankings in many of the individual categories - for instance, it tied Saskatoon and Greater Edmonton in the entrepreneurial policy division, which takes into account local government's support of startups.
For mid-sized urban areas, Grand Prairie only ranked fourth this year, although that certainly wasn't the case last year. According to the 2012 Communities in Boom survey, the Alberta city had the best overall score (65) out of all cities considered, no matter the size. While it received the same numerical value this year, it was beat out by Lloydminster, which was given a 68 out of 100.
The mid-sized city of Lloydminster, which straddles the border of both Alberta and Saskatchewan, came in first for urban areas of this size, and second overall in terms of the best cities for entrepreneurs, scoring 0.1 behind Greater Calgary. It ranked high in the entrepreneurial policy and entrepreneurial perspective (optimism) categories, cementing its place at the top.
While overall, Vancouver did not place particularly high (the city took 80th in total rankings, while Greater Vancouver - excluding the city itself - placed 41st), it did rank well in a number of specific divisions this year. For example, the city and the region tied for first place in the entrepreneurial presence sector. This means that there's a fair amount of competition in the area, showing that the city is full of positive elements for startups, as well as above average growth.