The Toronto Region is one of the best places in the world to do business.
But don’t just take our word for it. According to the KPMG Competitive Alternatives 2016 Report, the region ranked fourth among 29 North American cities, ahead of Vancouver, Boston, Chicago, New York, Los Angeles, Detroit, San Francisco, and Philadelphia – just to name a few. Along with affordable business costs and other advantages, the case for bringing your business to the Toronto Region becomes abundantly clear.
Over a 10-year average, the Toronto Region consistently provided businesses a competitive advantage, offering lower operating costs when compared to other major global cities. To put that into perspective, the Toronto Region is 18.2 percent more cost competitive than New York City, while offering access to the same market and consumer base, and an even more diverse and well-educated talent pool.
The Toronto Region is cost-effective in areas such as:
- labour and benefits
- facility leases
- transportation and utilities
- digital services
- research and development
In addition, as an employer in the region you will enjoy health costs that are half that of your counterparts in the U.S. All citizens and permanent residents in Ontario have access to our universal health care system under the Ontario Health Insurance Plan, which covers the full cost of doctor examinations, medical testing, emergency care, and hospital care.