Toronto, Ontario
City Highlights
Toronto, Ontario is the largest city in Canada, and third largest city in North America after New York and Los Angeles with a population of around 7.7 million people, reaching 10 million including the ʻGolden Horseshoeʼ conurbation which sits along the southwestern shore of Lake Ontario.
It is the second-fastest growing region in North America and officially the most multi-cultural city in the world. This is the countryʼs primary destination for immigrants; 47%of the population reported themselves as immigrants in the 2016 census.
According to KPMG, Toronto ranks ahead of New York, Dallas, San Francisco, Boston, Los Angeles, Chicago, Paris, and Tokyo in terms of new business opportunities and its overall tax rates. The City is ranked first globally for corporate tax rates in the digital services sector and second in the R&D service sector.
Financial Services - The city is home to Canadaʼs largest financial centre and leads the jobs market in FinTech in North America, with the second largest financial services hub in North America after New York and seventh largest stock market in the world.
Technology and R&D - Toronto led North America in tech job creation with more than 123,000 tech jobs added between 2013 and 2018, and it has the worldʼs highest concentration of start-ups.
Toronto is an innovation and venture capital hub, a centre of research in AI, robotics, 3D printing, and industrial machinery.
MaRS is North America's largest urban innovation hub. Occupying 1.5 million square feet in downtown Toronto, MaRS is a diverse community of more than 120 tenants, including research labs and global tech companies, each selected to create a community that is collaborating on real solutions to important problems.