TORONTO EARNS YET ANOTHER ACCOLADE – THIS TIME IN THE FINANCIAL SECTOR!
Every year, Toronto is recognized for excellence in the form of national and international rankings. The most recent acknowledgement is that Toronto is THE fastest-growing financial centre in North America and is eighth globally. Apparently, we are attracting finance sector workers faster than any other city on this continent. That is ahead of New York City, which is still the largest in terms of employment numbers – but Toronto is catching up. With new statistics from the Conference Board of Canada, we see that Toronto is second only to NYC when it comes to total employment in the financial sector.
The recently released report by the Conference Board and Toronto Finance International (https://bit.ly/3viEk5T) also shows Toronto as the fifth-fastest growing financial sector in the world over the last 10 years. In Canada, we count on that sector as one of the largest contributors to our GDP. In 2020, it was the second-largest contributor in the country.
Our City continues to be one of the most desirable residential destinations in the world. This is just another example of why it has achieved that impressive designation. Owning real estate in Toronto and/or the GTA is still one of the best financial investments anyone can make!