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
- Markham Headquartered Allstate Canada Partners with Habitat for Humanity Canada to Support Homeowners Facing Pandemic Challenges
From September 20-27, for every insurance quote completed the Allstate Foundation of Canada will donate $5 toward building homes in five Habitat for Humanity communities across Canada, up to a maximum donation amount of $50,000. These communities are in Southern Alberta, the Greater Toronto Area, Quebec, New Brunswick and Nova Scotia. - York Region Business Update // August 2021
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 August edition now! - York Region Business Update // July 2021
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 July edition now!