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There is a lot of potential to enjoy a decent cost of living and start a new company. The level of success in any business largely depends on the demand and customer base. In this territory, guided tours, restaurants, bed and breakfasts, and attractions cater to the sizable tourism industry.
Yes. There have been some changes in the industry, though overall, mining, fishing, hunting, and forestry, are expected to remain strong in the foreseeable future.
Yes. The territory is physically expansive, making it expensive to travel by long road trips or air. While there are roads in the territory, they are limited to specific regions, and air travel is often used to reach most remote communities.
It’s more commonly used in the Northwest Territories due to the need to access remote towns and communities. While it can be an expensive service, it’s often required for shipments, food, travel, and commuting, which provides regular income to pilots and air travel providers.