Beautiful by nature, diverse by culture, vibrant by choice!
As a key hub in northwestern Alberta near mile zero of the Mackenzie Highway to the Northwest Territories, Peace River offers urban amenities and a dynamic economy all while nestled within a stunning rural landscape.
Why Peace River?
Peace River is a key administrative and business centre within the Peace Country region, the northernmost major agricultural region in North America. Home to a critical concentration of forestry, oil & gas, and agriculture support services, along with retail, hospitality, and healthcare services, businesses in Peace River benefit from a combined market of over 15,000 people residing both in the town and throughout several communities located within a 100 kilometre radius.
The Peace River Advantage:
| Dynamic economy | Forestry, Oil & Gas, and Agriculture Support Services Construction Transportation Retail & Small Business Tourism & Hospitality Healthcare |
| Connected transportation infrastructure | Highway 2 Highway 35 Highway 49 Highway 43 CN Rail Peace River Airport (YPE) Grande Prairie Airport (YQU) |
| High-speed telecommunications | Telus Eastlink Starlink |
| Reliable heating and power | ATCO Gas ATCO Electric |
| Young and productive workforce | Median age is 35.6 (2021) |
| Affordable housing | Average home price is $277,018 (2024) |
| Concentration of healthcare services | Peace River Community Health Centre |
| Post-secondary education opportunities | Northern Lakes College NAIT Centre for Boreal Research |
| Modern recreational facilities | Baytex Energy Centre |
| Outdoor leisure activities | Misery Mountain Ski Area Lower West Peace Boat Launch Dyke Trail |
| Unique tourism experiences | Mighty Peace Tourism Grande Prairie Regional Tourism |
Ready to Invest in Peace River?
Peace River is open for business! Come set up shop in the "Mighty Peace" - explore commercial and industrial real estate listings Realtor.ca and residential real estate listings Realtor.ca.
Retail Gap Analysis
The Town of Peace River’s Retail and Services Gap Analysis provides an overview of the community’s current retail and service landscape, regional trade area, consumer spending patterns, and potential opportunities for future business growth.
The analysis identifies existing retail and service gaps, reviews local business inventory, and helps support future investment attraction and economic development planning. The report recognizes Peace River’s role as a regional service hub, serving not only local residents but a broader trade area of approximately 25,000 people.
The study found that Peace River has strong retail activity for a community of its size, with an estimated trade area consumer spending of $437 million and potential demand for additional retail and service space over the next decade. It also highlights opportunities in areas such as grocery and specialty foods, restaurants, home and household goods, fashion and beauty, and other retail and service categories.
Read the entire report to help plan your business activities here.