Attractiveness of Canada for the development of franchise business
Canada is a large, highly developed country with one of the leading economies in the world (10th largest by the 2016 estimation). With the population of more than 36 million people and the GDP of $1.53 trillion, it provides a wide range of franchise opportunities. The leading industries are agriculture, energy, technology, services and manufacturing.
Being a developed country the level of urbanization is high as over 82% of citizens are urban dwellers. Household net-adjusted disposable income per capita in the country is $30,474.
The largest cities with the population over 1 million include Ottawa (the capital) as well as Toronto (2.73 mln), Montreal (1.71 mln), Calgary (1.24 mln), Edmonton (932,550), and Vancouver (631,490).
Canada also boasts a well-developed franchise market. Franchise business is responsible for 10% of the country’s GDP. Over 1,000 franchise companies are present on the Canadian market with more than 78,000 individual franchise units. Franchises are present in various branches of the economy, still the retail sector is the leader of the franchising market.
Canada also has some certain advantages. As a well-developed country, it has a comprehensive transport infrastructure as well as efficient electricity, communication, and banking systems. Another fact worth considering is that Canada is in the top 12 markets valuable for international franchise expansion according to the International Franchise Association.
There are high investment business opportunities, as well as cheap franchises in Canada presented for review, the choice is yours.
Currency: Canadian dollar
Education Index (2013): 0.85
Official languages: English, French
Per capita GDP (PPP): $46,199
Quality-of-life index (0-10): 7.81
Population: 36.3 mln
Total GDP (PPP): $1.672 trillion
Ease of Doing Business Ranking, Rank: 18
Human Development Index (HDI): 0.92
Largest Cities: Toronto, Montreal, Calgary, Ottawa, Edmonton
DO YOU NEED A HELP?