York Region Economic Profile

YORKLINK.CA | APRIL 2017
1.2 Million
Residents
51,000+
Businesses
600,000
Local Jobs
4 Urban
Growth Centres
4,300+ Information &
Communications
Technology Companies
Operations of
15 Fortune 100
Companies
Located in the heart of the Greater Toronto Area (GTA), York Region is home to nearly 1.2 million residents,
600,000 jobs and 51,000 business establishments. As Ontario’s fastest growing large municipality and third
largest business hub, York Region is a top destination in Canada for business, talent, and investment.
YORK REGION’S KEY BUSINESS ADVANTAGES INCLUDE:
• Unparalleled population growth: highest population
growth rate of Ontario’s largest municipal jurisdictions
• Major Toronto area business hub:
51,000+ businesses, 500 foreign subsidiaries, two of
GTA’s four major business nodes, with an average of
1,300 new businesses and 12,000 jobs added each year
• Strategic Toronto area location: Most central
access to greater Toronto’s markets and workforce
via 400-series highways, Bus Rapid Transit system
and Toronto-York Subway (Dec. ‘17)
• Top talent: third most educated workforce among
Canada’s largest municipalities
• Housing options: from detached homes to townhomes
to high-rise urban condos, in one of GTA’s most active
and desirable real estate markets
• Strong industry clusters: including the highest
concentration of tech companies in Canada and
second largest financial services cluster in Ontario
• Cost advantage: Lowest commercial property taxes in
the Greater Toronto Area and competitive commercial
real estate options
• Unparalleled quality of life attracting top global
talent: 50 of GTA’s top 100 neighborhoods and six
of the top 10 secondary schools are in York Region
See reverse for key industry sectors in York Region
Additional information: YORKLINK.CA
YORK REGION IS...
YORK REGION LOCAL CITIES & TOWNS
Markham | Vaughan | Richmond Hill | Newmarket | Aurora | Georgina | Whitchurch-Stouffville | East Gwillimbury | King
YORKLINK.CA | APRIL 2017
INFORMATION TECHNOLOGY
LIFE SCIENCES & HEALTHCARE
DISTRIBUTION & LOGISTICS
• 4,300+ ICT companies: highest
technology sector concentration
in Canada relative to population
• 300+ Life Science and Health
Tech firms and 1,500+ physician
offices, labs, clinics, and other
health facilities
• Major Toronto area warehousing
and distribution hub - corporate
and third-party
• 4 of Canada’s Top 10 ICT
corporate R&D investors
including IBM’s largest software
development lab outside of USA
• 3 world-class hospitals with
Canada's first ‘smart’ hospital -Mackenzie Health Vaughan -now under construction
• Recognized as “Canada’s largest
Enterprise Solutions ICT cluster”
• Highest concentration of tech
workforce in Toronto-Waterloo
• Hospital-embedded innovation
and corporate collaboration
centres: Mackenzie Innovation
Institute and CreateIT Southlake
FINANCIAL SERVICES
AUTOMOTIVE
• Second largest financial services
cluster in Ontario with over 1,800
firms and 30,000 local jobs
• Canadian head office location of
six global automotive firms
AGRI-FOOD
• Over 300 food processing and
distribution businesses, one of
Canada’s largest clusters
• Home to the Holland Marsh: 120+
farms on 2,832 hectares of
agricultural land with estimated
$1B annual economic impact
MAJOR COMPANIES HAVE
OPERATIONS IN YORK REGION
• Head office and corporate R&D
center of Magna International North America's largest auto
parts supplier
BUILDING & CONSTRUCTION
• 2016 total construction value of
$4.7B; second highest in Ontario
• Ontario’s second highest volume
of new home sales and building
permits after the City of Toronto
• Location of General Motors’
major new R&D center focusing
on autonomous vehicles and
automotive software
development
• Some of Canada’s largest mixed
use development projects:
Markham Centre, Vaughan Metro
Centre, Richmond Hill/Langstaff
and Newmarket Centre
• Canada’s largest auto parts
manufacturing cluster: 100 local
firms with 16,000 employees
• 10,000 construction firms, real
estate developers, engineering
firms and trades contractors
• Over 130 local freight trucking
and transportation logistics firms
• Assembly location of the Ford
GT ‘Supercar’ and Aston Martin
AM-RB 001 ‘Hypercar’
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