Toronto is Canada’s largest metropolitan centre with a population of approximately 2.7 million residents. It’s the capital city of Ontario and also known as Canada’s financial hub. On Bay Street, you will find the Toronto Stock Exchange and the headquarters of Canada’s five largest banks. The city borders Lake Ontario and is known for its cosmopolitan atmosphere. Its geography is mostly flat, with gentle, rolling hills and a continental climate.
The Local Economy
Being Canada’s largest city, Toronto has a highly diversified economy and directly contributes to 20% of Canada’s GDP. The area is the third largest technological hub in North America, following New York City and the Silicon Valley, and also boasts a strong biotechnology sector.
The downtown core attracted over 47 million tourists in 2017, with The Eaton Centre and the Toronto PATH being major attractions. The PATH network is the world’s largest underground shopping complex. Toronto’s historical quarter, known as The Distillery District, is also frequented by tourists and boasts cobblestone streets complete with heritage architecture.
Toronto hosts a large number of postsecondary education institutions. It’s home to one of Canada’s most prestigious universities, the University of Toronto, in addition to Ryerson University, York University, and OCAD University. Other schools in Toronto include the Royal Conservatory of Music, the Ontario Science Centre: Science School, and the National Ballet School.
Access to Healthcare
There are 41 nationally recognized hospitals in Toronto in addition to many health clinics. Many of these hospitals are also medical research facilities that are affiliated with the University of Toronto.
The Toronto Housing Market york
The city’s housing market is one of the hottest in the country. Toronto spans many neighbourhoods, each boasting their own unique offerings. In downtown, you have the Harbourfront, Kensington Market, and The Annex, all equally charming. Heading slightly north, you reach the highly coveted Yorkville district. Here, you find luxury designer boutiques and fancy restaurants lining the Edwardian home streets.
One of Toronto’s most iconic symbols is the CN tower, which can be viewed from almost anywhere in downtown. The Rogers Centre is a stadium home to the beloved Toronto Blue Jays. Toronto boasts numerous museums for everyone passionate about arts and culture. Some of the most famous museums include the Hockey Hall of Fame, the Royal Ontario Museum, and the Art Gallery of Ontario. In the summer, people enjoy spending time at the Beaches, another Toronto neighbourhood. The Toronto islands are a close ferry ride from the Harbourfront and boast amazing views of the city and provide an oasis from the hustle and bustle of downtown.
Moving to Toronto you get a vibrant city with a strong economy and plenty of entertainment options. Learn more about our Toronto and Mississauga movers by calling 1-800-267-2957 today!