Ontario’s 2nd Largest Financial Hub
York Region’s financial and professional services community is a complete eco-system with multinationals and a thriving fintech hub. Key industry players such as, Aviva, Allstate, Combined Insurance, BGIS, Deloitte, Desjardins, KPMG, Morrison Hershfield, PwC, TD Waterhouse, WSPN, to name a few have headquarters, regional, or back-office operations here.
- Second highest number of financial, insurance and accounting services firms (sub-sectors) in the Greater Toronto Area with over 6,500 companies
- The financial and professional services industry sector in the Region supports over 60,000 jobs
- A fast-growing FinTech cluster with over 50 companies including Canadian and global industry leaders as XE.com, Real Matters, Everlink Payment Services, Ceridian, Doxim, Giesecke & Devrient, Paymentus, Toogood Financial, and others.
Data sources: Statistics Canada, Canadian Business Counts December 2020; York Region Employment Survey 2019
How Does York Region Compare To Canadian Financial Hubs?
YORK REGION HAS THE MOST FINANCE & INSURANCE FIRMS OF GREATER TORONTO’S 905 AREAS
Statistics Canada, CBC June 2020
YORK REGION HAS THE SECOND LARGEST CONCENTRATION OF FINANCIAL, INSURANCE, AND PROFESSIONAL SERVICES SECTOR PER CAPITA AMONGST CANADIAN CITIES
# of Financial firms per 1,000 residents | Statistics Canada, CBC December 2020; Census 2016
Latest York Region Financial Business News
- 19 York Region-based companies make Report on Business ranking of Canada’s Top Growing Companies 2023
There were 19 York Region-based business to make the list. - Billyard Insurance Group expands Ontario presence with three new branches; one in Markham
“We had an incredibly exciting start to 2023 at BIG,” said Smith. “Being able to partner with a number of exceptional insurance professionals has allowed us to continue our expansion into key markets.” - York Region Business Update // December 2022
York Region Economic Development’s monthly e-newsletter shares highlights and news from the business community, small business supports, events, economic data, and more. Check out the December edition now!