With Ontario accounting for 41% of Canada’s GDP, the province’s share of the nation’s inward direct investment is about 40%. The three most significant deals signed were with Ford, Imperial Oil and General Motors.

Not only is the cost of labour and real estate affordable, but also citizens are well educated. Among the province’s 25-64 year-olds, 56% have completed a post-secondary education and 24% have a university degree.

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Ontario is well known for its transportation links to the rest of Canada and North America via highway and rail, marine ports for Great Lakes and Atlantic cargo, as well as airports that service the world.

The province has a sophisticated telecommunications infrastructure. Broadband is available to 90% of Ontario households, according to the CRTC Annual Report on Telecom Competition.

Important industrial sectors include automotive, biotech, medical and related sciences, and information communication technology.

Quality of life is deemed exceptional. ResearchWorldwide.com, a commercial real estate information portal, reports: “Ontario can boast having two out of the six best cities to live in for expatriate workers worldwide.”

A major reason why Ontario is a good place to live and work is its multiculturalism. The province offers incredible diversity of distinct neighbourhoods, cultures and communities. It is scenic, widely cultural and offers a full array of tourist and outdoor activities.

 

 

CITY OF THE FUTURE: TORONTO, ONTARIO

If Ontario is a province on the move, its key city Toronto is helping to drive it. The real GDP for the Toronto metropolitan area was C$189.2bn, which is estimated to have expanded by 5.3% in 2004 (a rise of C$200.2bn – the highest among any metropolitan area in Canada). For 2005, it is forecast to reach C$208.1bn, a growth of 4%, according to the Autumn 2004 edition of the The Conference Board of Canada’s Metropolitan Outlook.

The city has recently attracted significant inward investment. According to the Ontario Investment Service, Ministry of Economic Development and Trade, deals have been signed by Kruger for $7m; Triple M Metal for C$65m; Novopharm for C$20m; Norampac for C$5m; Ford for C$1.2bn; Dalton Chemical Laboratories for C$1.4m; Norampac for C$13.5m; SAS Canada for C$30m; Solcorp for $1m; and Toronto Film Studios for C$175m (proposed).

The citizens of Greater Toronto are well educated with 49.5% of the area’s 25-64-year-olds holding a university-level degree. Of the recent immigrants in the Toronto metropolitan area, 37.8% have a university degree, according to Statistics Canada (2001 Census). There are 11 university-level educational institutions across the Greater Toronto area.

The city offers strategic transport links with its airport, highway, railway and seaport connections. Lester B. Pearson International Airport is the main airport hub; Union Station is the hub for rail. Toronto is also well connected via telecommunications.

The city offers ample housing selections, superb healthcare facilities and excellent schools. Among the city’s most distinctive features is cultural diversity. About 44% of all immigrants in Canada settle in the region, making the Greater Toronto area truly cosmopolitan. Toronto offers the third-largest live theatre centre in the English-speaking world and is home to the National Ballet of Canada.