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Highest educational attainment in the OECD.
Among the lowest costs in the G7.
Generous incentives for R&D.
Part of the $20-trillion NAFTA market.
Top ranked on global indices.
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Canada's largest chemical manufacturing sector
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Canada’s top tourism market: 55% of all international visitors.
Strategic investments in infrastructure and transportation, as well as richness of culture and exceptional use of public space helped Toronto earn the title of "the world's most livable city." Ontario's capital placed ahead of Tokyo, Japan (second) and Helsinki, Finland (third), according to Metropolis's annual report.
Metropolis magazine examines contemporary life through design, architecture, planning and preservation. Also recognized in their 2015 report on the best cities in which to live, work and play were Copenhagen, Hong Kong, Medellin, Melbourne, Pittsburgh, Rotterdam and Singapore.
According to Metropolis, "successive waves of immigration have made Toronto a microcosm of the world," and it is in the midst of a transformation that will make it even more attractive. Set to see a population increase of three million people over the next 15 years, the city is well prepared for growth, having approved a $20 billion development spend in 2014, which includes an $11.5 billion transportation overhaul. From the newly opened Union-Pearson Express airlink that connects the city's downtown to the Toronto Pearson International Airport, to a new light rail line and improvements to civic forums like Nathan Philips Square, Toronto is inviting the world to experience what it is like to live and do business in this great city.
It is gratifying because I think it says we're heading in the right direction on a number of fronts, but it's no reason for complacency... [In the report] they talked about how we use our public spaces, including Nathan Phillips Square and Yonge-Dundas Square ... and that's all part of a healthy downtown. It's a big part of why we're a very liveable city because there's no part of Toronto now that you can't go to that isn't lively at all hours of the day and night.
- John Tory, Mayor of Toronto (in an interview with Sun Media)
Toronto is also regarded the best place in the world to live and North America's most sustainable and safest city according to The Economist's Intelligence Unit.
Read the report in full: The World's Most Livable Cities
August 18, 2015
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All figures are in Canadian dollars unless otherwise noted. Information is accurate at the time of publication.