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
- Vaughan Headquartered PSP Services Completes the Acquisition of PSiGate, a wholly owned subsidiary of Peoples Payment Solutions Ltd.
Howard Klein, President of Peoples Payments and Cards, at Peoples Group, added: “Peoples Group is thrilled to transition the PSiGate business over to PSP. Their best-in-class POS systems as well as an extremely talented team will be a great addition to the service offering. We will continue to support the PSiGate business as the acquiring bank.” - York Region Business Update // April 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 April edition now! - 2021 Year In Review // York Region Economic Development
On behalf of York Region Economic Strategy, I am pleased to present the 2021 Economic Development Year in Review. This is an overview of economic development activities undertaken this past year, highlights of business news from across the Region, and important economic indicators showing the strength and resilience of our business community in response to the COVID-19 pandemic.