Charts and Graphs on a Computer

Economic Indicators

York Region is the third largest business hub in Ontario and the sixth largest municipality in Canada. The Region is home to Canada's second largest tech hub with over 4,500 companies and Ontario’s second largest financial and professional services sector with more than 6,400 companies. Toronto area's York Region is where talent and opportunity intersect.
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KEY YORK REGION STATISTICS //

54,000 +

BUSINESSES

654,000 +

LOCAL JOBS

1,400

NEW BUSINESSES

Annual Average (2001 – 2020)

11,000

NEW JOB GROWTH

Annual Average (2001 – 2020)

1,200,000

RESIDENTS

230

DISTINCT ETHNICITIES

120

LANGUAGES SPOKEN

18

PUBLIC COLLEGES & UNIVERSITIES

(within commuting distance)

3.1

BILLION ($) 10-YEAR INFRASTRUCTURE INVESTMENT

(2020 – 2029)

1.4

BILLION ($) IN TOTAL CONSTRUCTION VALUE

(2019)

13

FORTUNE 100 COMPANIES WITH OPERATIONS IN YORK REGION

6

OF GTA'S TOP 10 CORPORATE R&D SPENDERS

12

BILLION ($) IN ANNUAL EXPORTS

2,700

COMPANIES EXPORTING GOODS

(Estimated 2018)

64.6

BILLION ($) GDP FOR YORK REGION

(Estimated 2021)

20

PER CENT OF GTA'S STEM & BUSINESS GRADUATES

reside in York Region

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YORK REGION BUSINESS COUNTS & DISTRIBUTION // 2020

BUSINESSES BY PRIMARY INDUSTRY SECTOR //

PRIMARY INDUSTRY SECTORS
2-LEVEL NAICS
# OF BUSINESSES
54 – Professional, Scientific and Technical Services 9,622
23 – Construction 6,261
44-45 – Retail Trade 5,001
62 – Healthcare and Social Assistance 4,460
Unclassified 4,071
81 – Other Services (Except Public Administration) 3,848
41 – Wholesale Trade 3,476
72 – Accommodation and Food Services 3,055
53 – Real Estate and Rental and Leasing 2,643
31-33 – Manufacturing 2,581
56 – Administrative and Support, Waste Management and Remediation Services 2,433
52 – Finance and Insurance 2,060
48-49 – Transportation and Warehousing 2,044
61 – Educational Services 811
51 – Information and Cultural Industries 671
71 – Arts, Entertainment and Recreation 518
55 – Management of Companies and Enterprises 289
11 – Agriculture, Forestry, Fishing and Hunting 228
21 – Mining, Quarrying, and Oil and Gas Extraction 39
22 – Utilities 24
91 – Public Administration 20
GRAND TOTAL: 54,155

Statistics Canada, Canadian Business Count, December 2020

BUSINESSES BY EMPLOYEE SIZE //

EMPLOYEE SIZE RANGE # OF BUSINESSES
Small Businesses (1-19) 48,435
Medium-sized Businesses (20-99) 4,793
Large-sized Businesses (100-499) 850
Very Large-sized Businesses (500+) 77
GRAND TOTAL: 54,155

Statistics Canada, Canadian Business Count by Location, December 2020

Workers in different sectors
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people having a meeting around a table with laptops and coffee mugs

UNEMPLOYMENT RATES // 2019 – 2021

 

Source: Statistics Canada, Labour Force Characteristics, 3-month moving average, unadjusted for seasonality, June 2021
*CMA – Census Metropolitan Area

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YORK REGION VACANCY & AVAILABILITY RATES // 2016 – 2021

INDUSTRIAL REAL ESTATE MARKET //

 

Source: CoStar, July 2021
Statistics Note: Industrial properties include flex building space

OFFICE REAL ESTATE MARKET //

 

Source: CoStar, July 2021
Statistics Note: Office building space at a minimum of 20,000 sq. ft.

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GREATER TORONTO AREA NEW HOME SALES // JUNE 2021

COMBINED //

 

Source: Altus Group

SINGLE FAMILY HOMES //

 

Source: Altus Group

CONDOMINIUMS //

 

Source: Altus Group

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CROSS-CANADA BUILDING COMPARISON // 2020

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 2019
1 City of Toronto $11,529,511 15.1%
2 Greater Vancouver Regional District $10,154,583 -13.2%
3 City of Ottawa $4,461,200 -24.3%
4 City of Montreal $4,240,288 35.3%
5 City of Edmonton $3,610,759 -33.7%
6 Peel Region $3,202,084 -17.5%
7 City of Calgary $3,167,994 -16.8%
8 York Region $2,627,960 -16.6%
9 Durham Region $,2,505,230 30.3%
10 Waterloo Region $1,987,012 30.4%

Source: Local Municipal Building Permit Reports, 2020; Statistics Canada Building Permit Reports and Table 32.2 (unpublished), 2020.

Note: List includes: Cities, Region’s and Regional Districts as defined locally.