KEY YORK REGION STATISTICS
55,000+
BUSINESSES
616,000
LOCAL JOBS
1,300
NEW BUSINESSES
10-Year Annual Average
15,400+
POPULATION GROWTH
Annual Average (2012 – 2021)
1,200,000+
RESIDENTS
230
DISTINCT ETHNICITIES
120
LANGUAGES SPOKEN
18
PUBLIC COLLEGES & UNIVERSITIES
(within commuting distance)
$4.6 BILLION
10-YEAR NEW PUBLIC INFRASTRUCTURE INVESTMENTS
$5.1 BILLION
IN TOTAL CONSTRUCTION VALUE
(2021)
13
FORTUNE 100 COMPANIES
WITH OPERATIONS IN YORK REGION
5 of GTA’S TOP 10
CORPORATE R&D SPENDERS
700,000
LOCAL LABOUR FORCE
(Estimated 2022)
2,700
COMPANIES EXPORTING GOODS
(Estimated 2018)
$81.4 BILLION
GDP FOR YORK REGION
(Estimated 2022)
20%
OF GTA’S STEM & BUSINESS GRADUATES
reside in York Region
YORK REGION BUSINESS COUNTS & DISTRIBUTION
BUSINESSES BY PRIMARY INDUSTRY SECTOR
| PRIMARY INDUSTRY SECTORS 2-LEVEL NAICS |
# OF BUSINESSES |
| 54 – Professional, Scientific and Technical Services | 9,974 |
| 23 – Construction | 6,501 |
| Other* | 5,239 |
| 44-45 – Retail Trade | 5,075 |
| 62 – Healthcare and Social Assistance | 4,829 |
| 81 – Other Services (Except Public Administration) | 3,679 |
| 41 – Wholesale Trade | 3,387 |
| 72 – Accommodation and Food Services | 3,002 |
| 53 – Real Estate and Rental and Leasing | 2,857 |
| 31-33 – Manufacturing | 2,552 |
| 56 – Administrative and Support, Waste Management and Remediation Services | 2,431 |
| 52 – Finance and Insurance | 2,081 |
| 48-49 – Transportation and Warehousing | 2,076 |
| 61 – Educational Services | 809 |
| 51 – Information and Cultural Industries | 689 |
| 71 – Arts, Entertainment and Recreation | 479 |
| GRAND TOTAL: | 55,660 |
* Agriculture, Forestry, Fishing and Hunting, Mining, Quarrying, Oil and Gas Extraction, Utilities, Management of Companies and Enterprises, Arts, Entertainment and Recreation, Public Administration, Unclassified
Source: York Region, Planning & Economic Development analysis by NAICs; Statistics Canada, CBC by Location, June 2022
BUSINESSES BY EMPLOYEE SIZE
| EMPLOYEE SIZE RANGE | # OF BUSINESSES |
| Small Businesses (1-19) | 49,964 |
| Medium-sized Businesses (20-99) | 4,767 |
| Large-sized Businesses (100-499) | 851 |
| Very Large-sized Businesses (500+) | 78 |
| GRAND TOTAL: | 55,660 |
Statistics Canada, Canadian Business Count by Location, June 2022
UNEMPLOYMENT RATES
Source: Statistics Canada, Labour Force Characteristics, 3-month moving average, unadjusted for seasonality, NOC 2021, custom tabulation
*CMA – Census Metropolitan Area
NOTE: Due to the large volume of data in the unemployment rates graph it may not appear as intended on mobile devices. It is recommended to view this chart on a desktop browser.
VACANCY & AVAILABILITY RATES
INDUSTRIAL REAL ESTATE MARKET
Source: CoStar
Statistics Note: Industrial properties include flex building space
OFFICE REAL ESTATE MARKET
Source: CoStar
Statistics Note: Office building space at a minimum of 20,000 sq. ft.
GREATER TORONTO AREA NEW HOME SALES / 2021
COMBINED
Source: Altus Group
SINGLE FAMILY HOMES
Source: Altus Group
CONDOMINIUMS
Source: Altus Group
CROSS-CANADA BUILDING COMPARISON
RESIDENTIAL BUILDING PERMITS
| RANK | MUNICIPALITY | NUMBER OF PERMITS | % CHANGE FROM 2019 |
| 1 | City of Toronto | 26,841 | 44.5% |
| 2 | Greater Vancouver Regional District | 23,423 | -15.4 |
| 3 | City of Ottawa | 11,449 | 20.4% |
| 4 | City of Montreal | 11,281 | -21.4% |
| 5 | City of Edmonton | 10,162 | -6.1% |
| 6 | Peel Region | 8,769 | -8.4% |
| 7 | City of Calgary | 8,555 | -34.1% |
| 8 | York Region | 5,832 | 24.9% |
| 9 | Durham Region | 5,295 | 82.5% |
| 10 | Waterloo Region | 5,056 | -20% |
Source: Statistics Canada Building Permit Reports and Table 32.2 (unpublished), 2020; York Region Corporate Services, Long Range Planning Division, 2020.
Note: Ranking is in comparison to Cities, Region’s and Regional Districts as defined locally.
VALUES OF TOTAL CONSTRUCTION ($000s)
| RANK | MUNICIPALITY | TOTAL VALUE | % CHANGE FROM 2020 |
| 1 | City of Toronto | $11,757,596,000 | 2.0% |
| 2 | Greater Vancouver Regional District | $10,296,313,000 | 1.4% |
| 3 | City of Calgary | $5,894,018,000 | 63.2% |
| 4 | York Region | $5,192,673,000 | 97.6% |
| 5 | City of Montreal | $4,962,240,000 | 11.2% |
| 6 | Peel Region | $4,210,608,000 | 32.9% |
| 7 | City of Ottawa | $3,701,704,000 | -12.7% |
| 8 | City of Edmonton | $3,016,846,000 | -5.8% |
| 9 | Durham Region | $2,780,477,000 | 11.0% |
| 10 | Halton Region | $2,386,736,000 | -4.7% |
Source: Local Municipal Building Permit Reports, 2021; Statistics Canada Building Permit Reports and Table 32.2 (unpublished), 2021.
Note: List includes: Cities, Region’s and Regional Districts as defined locally.
YORK REGION BUSINESS COMMUNITY – INTERACTIVE SNAPSHOT
