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Potential Canadian Businesses for Foreign Investors

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Potential Canadian Businesses for Foreign Investors

Canada prides itself by developing and refining various immigration programs, which depending on the background of potential immigrants, caters to everyone. There are more than 80 economic class immigration programs and the Great White North is the most attractive destination to immigrate to at present. Talented minds have been playing an important role in the economic growth of the country. Seeing the positive prospects and need, Canada has been attracting investors/entrepreneurs with creative ideas to come and contribute towards the economy and become a permanent resident.

There are many small and big businesses that are part of the ecosystem, thriving and evolving. Some of the industries which have the capability to excite those who are interested are as follows:

Real Estate

Like any other business, real estate involves vision, implementation, and realization in case of property and eventual creation and occupation leads to significant economic development. According to Statistics Canada Q3 2019 numbers, real estate transactions represented half of the quarterly growth. The whole act of buying and selling properties for people along with owning the trait of being a good talker goes a long way in context to gaining wealth and security, especially in real estate. For those hoping to invest in existing properties and further expanding, this practice will remain profitable and is not going anywhere. Sure some homework is involved regarding the intricacies of being involved in real estate, but if the cards are played right, you would be benefitting yourself and impacting the economy in return.

Pet Care

Canadian Animal Health Institute (CAHI) published the Canadian pet population in Canada in 2019. Turns out, there have been 8.2 million dogs and 8.3 million cats in the Canadian household. Canadians love their pets and no wonder the pet business is capitalizing and flourishing based on people’s affection for the furry kind. There are many pet care facilities spread across Canada giving services like 24/7 boarding, pet taxi, massage, in-home sitting, and dog walking and they are booming taking care of the animals in all aspects imaginable. The Canadian pet food market is approximately worth 1.9 billion and one can get an idea of the potential of investing in the industry. If you have the skill set to envision a business endeavour involving animals of all kinds, this industry is recession-proof. In today’s pandemic climate, this resonates more so than ever. Whether it be toys, food, health, and other services, your animal-loving adventures can satiate if you want to make an impression in the industry.

Videogames

Speaking of recession-proof, another industry that needs no introduction especially now is the videogame industry. Videogames have come a long way since Super Mario jumped onto the scene in pixelated form. With people registered to their homes due to the coronavirus pandemic, the demand for interactive media has increased rather than the other way around. Consoles and quality-driven videogames have reinforced their presence in the market during these times and investment in the industry would be a no brainer. If the predictions are correct, the global gaming market could reach $256.97 billion by 2025 and more than 2.5 billion people play videogames in some form or the other worldwide. With high-profile studios like Ubisoft, Bioware, Rockstar Toronto, et cetera having a base in Canada, the business possibilities in this hot and happening industry are endless.

Cybersecurity

We live in the digital age with cell phones and tablets making our everyday lives more convenient. Although the evolution of technology is rampant, the online threat is prevalent as well. Cybersecurity is more than just getting an antivirus notification on your device. Small and big businesses alike are at a risk from online threats, which is why cybersecurity has become another prominent industry to tap feet into. Data breaches have become part and parcel and companies are pouring in copious amounts of money to prevent such miss happenings. Toronto in recent years has become a global hub of cybersecurity. With an estimated 900,000 employed, the Toronto tech sector has contributed more than $8B in annual employee wages.

Ottawa and Vancouver are not far behind in terms of cybersecurity potential. Ottawa security firms like Canadian Internet Registration Authority (CIRA), Bluink, VENUS Cybersecurity (non-profit organization), et cetera are employing skilled talent to make homes and businesses more secure.

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