In the Toronto Region, businesses benefit from a quality-to-cost ratio that is among the best in the world. The region boasts a high-quality talent pipeline fueled by the presence of 18 postsecondary institutions. The CBRE Scoring Tech Talent report consistently ranks Toronto among the top five markets in North America for both talent quality and business costs, giving businesses who operate here a unique advantage.
As an employer in the region, you will enjoy health costs that are half of your U.S. counterparts. All citizens and permanent residents in Ontario have access to our universal health care system, which covers the full cost of doctor examinations, medical testing, emergency care, and hospital care for your employees.
A diverse population and economy, a sustainable environment, and a quality of life that is unrivalled anywhere in the world are what make the Toronto Region so attractive. The region’s business environment within the wider provincial and national political landscape also offers an incomparable sense of stability and security. This stability is anchored in one of the most diverse economies in North America.
The region accommodates nearly every possible industry sector and provides access to hundreds of millions of people beyond its borders through Free Trade Agreements (FTAs) to unlock greater economic potential. Whether you are an American company looking to broaden your consumer base or a company from outside of North America looking to access American and Canadian markets, the Toronto Region has extensive FTAs and a variety of sector presences to help you achieve your goals.
The Toronto Region has emerged as the second-largest financial centre in North America. As Canada’s overall economic and financial centre, the Toronto Region’s diverse industrial make-up contributes approximately 20 percent to the country’s total GDP. The region surpassed pre-pandemic levels for employment at the end of 2021 and is forecasted to grow by 3.2 percent in 20221.
Our recovery from the COVID-19 pandemic is a testament to our resilience and commitment to rebuilding our economy. Your business can rely on the stability of our banking system and regulatory regime, ensuring your resources will be well utilized in this business environment.
1Conference Board of Canada, Spring 2022 Major City Insights