OneGigabit, a new Vancouver-based startup, will offer fiber Internet speeds of one gigabit, equal to Google’s pilot speeds in the U.S., and over 60 times faster than the average Canadian household.
More importantly, the company will charge only $45 to $65 per month, with no bandwidth caps.
It was recently reported that the average monthly Canadian Internet bill is $54 and the average downstream speed is 16.6 Mbit/s. A gigabit connection will have speeds of up to 1000 Mbit/s.
Fiber connections remain limited in Canada, as only certain neighborhoods have availability. The big three Canadian ISPs, known to be complete ripoffs no matter what they offer, sell fiber packages with download speeds of up to 250 Mbit/s for $115-$200 per month.
OneGigabit and its founder Eric Kunkhe plan to negotiate with real estate owners and developers in an effort to expand fiber connections to more citizens.