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Living in Toronto, the Economic Hub of the World

Moving to Toronto for work? You’re not the only one. Toronto is the largest contributor to Canada’s economy with a rate of 20% national GDP, making it a significant economic hub worldwide. People come from all over the world and across the country for opportunities in the city whether it’s for work, school, tourism, business and more. Here’s how Toronto’s economy affects living in Toronto!

It’s the centre of the banking and stock exchange

Imagine living in a city that is the banking and stock exchange centre of the entire country. Toronto is the primary point of distribution of wholesale goods. This is no surprise, Ontario’s wealth is incredible when it comes to raw materials, hydroelectric power and manufactured goods.

Since the 1970s, Toronto has surpassed any other Canadian city in this category and the Greater Toronto Area actually produces more than half of Canada’s manufactured goods! This has contributed to Toronto’s growth as a whole creating countless work opportunities and a busy but spirited air in the city.

It’s diversity

From industries to its people, Toronto is a diverse place to be. It’s the centre of English media and is known for its industries like:

  • Advertising
  • Entertainment
  • Fashion
  • Retail
  • Pharmaceuticals
  • Software development
  • Technology
  • Mining
  • Real Estate
  • Tourism

… and more.

Toronto’s economic growth is powered by its diversity among people. A new study by BBC radio stated that Toronto is the world’s most multicultural metropolis with 51% of Toronto’s population foreign-born and there’s over 230 different nationalities living within the city.

It’s got great attractions

From natural parks and beaches to man-made attractions, Toronto has it all. It attracts music, arts and cultural activities from all over the world, hosts countless festivals, exhibitions, conferences and the like. Each neighbourhood in Toronto also has something different to offer from food institutions to microbreweries, which speak to the diversity that is woven into the city’s fabric. Other developed attractions also include the Rogers Centre, Air Canada Centre, Royal Ontario Museum, the CN tower and more!

Are you thinking about moving to Toronto? You can search by area to find listings of apartments, condos or homes. If you’re not sure what area you’d like to live in, search by type to find specific availabilities. If something catches your eye or you have any questions, please contact me and I’ll be happy to show you your new potential home!

 

 

 

 

About Mark Li

Mark Li is a Real Estate Professional with Century 21 Leading Edge Realty. He is servicing in the Greater Toronto Area (GTA). He has a great experience in Pre-construction Development and resale Market. He is always give his clients the most up-to-date knowledge about the market to help them in making new investments or selling their homes. With the connections with builders and the wide range agents network. He is able to provide to his clients the first access to the Pre-construction Development with the best VVIP incentive. Contact Mark Li: Cell 416-500-5355.