As you are currently in Canada, Let me know you that US based Server are cheaper than based in UK or any European country. There are many factors which are to be considered while selection a web hosting plan depending upon the resources you will required for your website.
Diskspce - The space required for your website
Bandwidth - This depends upon the visitors of your website.
RAM - helps for faster operations (i.e. uploading, downloading) on your website.
Also check out of other features like number of sub-domains, emails, support services and their quality, uptime guarantee, money-back guarantee before selecting any web hosting provider .