When most newcomers consider settling in Canada, major cities like Toronto, Vancouver, or Calgary often come to mind. However, for those with a pioneering spirit and entrepreneurial drive, the Northwest Territories (NWT) offers a lesser-known—but equally promising—pathway.

Living and doing business in remote Canadian regions like the NWT brings unique opportunities and distinct challenges. Whether you’re considering launching a business or starting a new life away from urban centers, this blog explores what it’s like to call the North home.

📍 Why Consider the Northwest Territories?

With its vast landscapes, close-knit communities, and growing economy, the NWT has become increasingly attractive to immigrants seeking affordable living, meaningful work, and untapped business potential.

Key Advantages:

• Lower competition in many business sectors
• Supportive local governments eager to attract newcomers
• Growing demand for essential services and trades
• Access to government grants and business programs
• Quality of life with access to nature, clean air, and less congestion

🏠 Life in the NWT: What to Expect

Living in the NWT is about embracing the pace and rhythm of a smaller, more intimate community. Towns like Yellowknife, Hay River, Inuvik, and Fort Smith each have their character, resources, and immigrant populations.

✅ Pros:

• Strong sense of community and belonging
• High-quality public services (education, healthcare, safety)
• Incentives for newcomers and skilled workers
• Incredible natural beauty and outdoor lifestyle

❌ Challenges:

• Higher cost of goods due to transportation
• Limited access to specialized services
• Harsh winters and remote geography
• Fewer cultural and entertainment options

For many, the trade-off is worth it—especially when looking for a quieter, safer place to raise a family or start a business from the ground up.

💼 Business Opportunities in the NWT

Both traditional industries and emerging needs shape the economic landscape of the NWT. While mining, tourism, and transportation remain foundational sectors, the region has a growing demand for:

• Restaurants, cafés, and retail stores
• Trades and construction services
• Childcare, elder care, and health services
• Professional services (IT, accounting, consulting)
• Eco-tourism and local arts businesses

The local population—and the territorial government—highly support newcomers who bring essential services or innovation to the area.

🚀 Government Support and Incentives

Entrepreneurs and professionals interested in relocating to the NWT can access a variety of supports, including:

1. Northwest Territories Nominee Program (NTNP)

• For skilled workers, entrepreneurs, and self-employed individuals
• Includes a Business Stream for those planning to start or buy a business
• Requires an exploratory visit and a business plan

2. BDIC (Business Development and Investment Corporation)

• Offers loans, business advice, and mentorship
• Focuses on supporting new and expanding local businesses

3. Entrepreneur Support Programs

• Through local economic development offices
• Grants, training, and networking for Indigenous and newcomer entrepreneurs

📌 Real Stories: Thriving in the North

Many immigrants have found great success running businesses in the NWT—from opening family-run restaurants in Yellowknife to launching transportation services in more remote communities. These ventures meet local demand and often become cornerstones of their communities.

“We didn’t just open a shop—we became part of the town’s fabric,” says Nasir, an immigrant from Pakistan who now owns a popular convenience store in Hay River.

🧭 Should You Move North?

If you’re looking for:

• A fresh start with less competition
• A tight-knit community to call home
• A place where your business will be valued and supported
• … then the Northwest Territories may be the right fit.

At Change of Phase Consulting Group, we help newcomers explore these unique regions, assess opportunities, and create strong business and immigration plans.

📩 Contact us today to find out how you can make your mark in Canada’s North.