Toronto is the capital of Ontario, and the largest city in Canada, with a population of over three million. It’s famous for many landmarks and attractions, including Casa Loma, the CN Tower, multicultural events and neighborhoods, and many green spaces and parks. Toronto is famous for its sports facilities and teams, hiking trails, Queen’s Park, and unique Victorian architecture. The city is located on the shore of Lake Ontario and offers a skyline with numerous skyscrapers and continuous developments in the city’s core.
Toronto is a major city for international business, including investors in businesses and real estate. The city has a thriving financial district downtown and is one of the fastest developing cities with numerous skyscrapers, commercials, and residential buildings developed year-round. The city draws millions of visitors annually and conveniently between smaller cities and communities. Many people commute to work using an inter-city rail and bus system, GO Transit, and busy highways throughout the Greater Toronto Area.
The top industries in Toronto include finance, real estate, and property management, though there are many other areas where businesses thrive in and around the city. These industries include film and entertainment, with some of the country’s major broadcasting companies and film production companies located in the city. Toronto is famously known as “Hollywood North,” where many feature movies and series are filmed. It’s also a top place for musicians, artists, and performers. Toronto also hosts the annual TIFF (Toronto International Film Festival), which contributes significantly to the city’s economy and businesses.
Toronto is a central spot for tourists, fashion trends, and restaurants. The city features many culturally-rich neighborhoods with top-notch restaurants featuring cuisine from around the world. The city’s fashion district, just west of downtown, features locally-made clothing, jewelry, and accessories. There are plenty of local artisans, artists, and small businesses throughout the city.
Toronto offers excellent opportunities for small companies and start-ups, whether a new business opens a brick-and-mortar retail store or loft-style office featuring an online-based business. Toronto is where you’ll find lots of consultants, web design, and financial companies online. Some of the city’s top start-ups include Ritual, Connected, Wealthsimple, and Maple.
Toronto is a highly competitive city that offers many opportunities for businesses and customer experiences. The biggest industries are finance, technology, entertainment, and retail, with many private and public industries including healthcare, tourism, banking, and insurances companies.
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Yes. The five central banks in Canada, including Bank of Montreal, TD Bank, CIBC, Royal Bank, and Scotiabank, all have central office locations and retail branches downtown and throughout the city. Many smaller financial institutions, insurance companies, and credit unions have main branches and offices established in the city’s core.
Yes. While the city is highly competitive, most start-ups are online-based, which offers new business owners the opportunity to service clients outside the city, across the country, and internationally.
Mobile app development, restaurant, and grocery delivery, financial services, and other AI-based services are among the top start-up' companies in the city.
Traditionally, the finance sector was one of the biggest industries in the city, though today, real estate, property development, and technology are quickly rising to the top as the most prominent industries.