With its well established economic diversity, the Chaleur Region boasts a solid industrial base, a burgeoning services sector, and an environment conducive to entrepreneurship. Thanks to its modern facilities, strategic access to markets and qualified workforce, the Chaleur Region is a dynamic economic engine. Five reasons why an investor should consider investing in the region:
- Strategic Location - The Chaleur Region is located on the eastern seaboard of North America, providing excellent access to major markets in North America and Europe. Its proximity to major transportation routes, including highways, railways, and airports, make it an ideal location for businesses that require logistics and distribution networks.
- Natural Resources - The region is rich in natural resources, including forestry, minerals, and energy. The region has a strong forestry sector, with ample supplies of softwood and hardwood resources in addition to potential for mineral exploration and development. The presences of natural resources can offer investment opportunities in related industries, such as manufacturing, energy production and resources..
- Diverse Economy - The Chaleur Region has a diverse economy that includes various sectors such as manufacturing, tourism, healthcare, education and services. This diversity provides stability and resilience.
- Skilled Workforce - The region benefits from a skilled and educated workforce. the Bathurst Community College ensure a continuous supply of talented individuals with diverse skills and knowledge.
- Quality of Life - the region is characterized by affordable housing, a low crime rate, and access to natural amenities. The Chaleur Region is know for its beautiful landscapes, including pristine beaches, rivers, and forests - providing recreational activities such as hiking, fishing, water sports, etc. The availability of a high quality of life makes this area an attractive investment destination.
Population
34,519 Residents
(Chaleur Regional Services Commission)
51.1 Years
(Bathurst and the Chaleur region in 2030, April 2018)
Quality of life
$57,936 Average Income
(Réseau en immigration francophone du Nouveau-Brunswick, 2021)
Tourism
July and August: 81,804 visitors
(Tourism Chaleur 2022)
July and August: $3,606,156 visitor spending
(Tourism Chaleur 2022)
75% Hotel summer occupancy rate
55% Annual occupancy rate
(gnb.ca)
Annual passenger air traffic: 45,000
(Bathurst Airport)
Labour
Employability rate: 41.5%
(Réseau en immigration francophone du Nouveau-Brunswick, 2021)
Unemployment rate: 6.4%
(Statistics Canada)
Population working within 15 minutes of home: 44%
(Statistics Canada)
Population who work at home: 12.5%
(Statistics Canada)
Real Estate
Median price of a single family home: $164,000
(Canadian Real Estate Association)
Median monthly cost of rented accommodation: $655
(New Brunswick Non-Profit Housing Association)
Households spending 30 % or more on shelter costs: 29%
(New Brunswick Non-Profit Housing Association)
Building permits issued in 2022: 748 for a total value of $44,410,581
(2022 Annual Report - Chaleur Regional Services Commission)
Physician Density
23 physicians of all types per 10,000 population in 2021 in zone 6
(Canadian Institute for Health Information)
15 physicians of all types per 10,000 population in 2021 in zone 6
(Canadian Institute for Health Information)