With all of the recent interest in Toronto from our friends in the tech world, we thought we'd share 25 reasons the city is the best place to build and grow a successful business (many of which apply to any number of Ontario cities).

  1. Toronto is one of the most future-ready cities in the world

    There is good reason Cisco chose Toronto as the location of its first innovation centre in North America. IHS Economics ranks Toronto 11th in a list of Future Ready Economies, ahead of New York City (17th), Hong Kong (25th) and Tokyo (32nd). Meanwhile, FDi, a division of the Financial Times, ranks Toronto a top five 'city of the future' and KPMG and Oxford Economics rank Canada the most 'change-ready' country in the Americas.
  2. Toronto is the safest city in North America

    A safe environment is an important component of a high standard of living, and according to The Economist's Safe Cities Index, Toronto is the safest city in North America, and ranks ahead of Amsterdam and Melbourne globally.
  3. Toronto is the most sustainable city in North America

    The Sustainable Cities Index, carried out by the Centre for Economics and Business Research (Cebr), rated Toronto as North America's most sustainable city. Toronto ranked particularly well in 'environmental performance', finishing first in North America and ninth globally.
  4. Canada is the happiest place in the G7

    The World Happiness Report ranks Canada the happiest country in the G7 and sixth out of 158 countries globally. The report is based upon a global survey that examines health, freedom, economic prosperity, social support, generosity and corruption.
  5. Canadians live longer, healthier lives

    The World Health Organization (WHO) ranks Canada ninth in the world for life expectancy. Canada's universal health care system is a reason Canadians are able to live longer, healthier lives without having to reach into their own pockets for healthcare expenses.
  6. Toronto is the fourth-largest city in Canada/U.S.

    Most people don't realize Toronto is the fourth-largest city in North America. Only Mexico City, New York City and Los Angeles are larger.
  7. Ontario is home to one of the world's most highly educated workforces

    At 67%, Ontario has the highest rate of post-secondary education attainment among OECD countries.
  8. Canada ranks 1st among G7 countries for tax competitiveness

    KPMG ranks Canada first in the G7 for corporate tax rate and cost competitiveness. Since 2012, Canada has improved its cost competitiveness over the U.S. by more than 10%, now offering a 14.6% cost advantage.
  9. Toronto ranks 2nd in North America for quality of life

    Mercer ranks Toronto second in the Americas according to its 2016 Quality of Living index, a study of 430 locations around the world. The diverse and vibrant commercial capital received high marks for personal safety, its educational system and economic environment.
  10. Toronto is the best place in the world for youth

    Toronto is the best place in the world for youth, according to a study by Citi Bank's Citi Foundation and The Economist. The city was praised for its local government support of youth, government data collection and evaluation of youth programmes.
  11. Toronto is the best place in the world for millennials

    A survey performed by the U.S. News & World Report finds millennials love Canada. In explaining the results, authors of the report point to higher rates of employment and home ownership among Canadian millennials compared to their counterparts in other countries, including the U.S.
  12. Toronto is one of the world's most affordable global cities

    According to Mercer, Toronto is among the most cost competitive global cities in the world. The city is more affordable than all Asian cities and nearly every U.S. city, including New York City, Los Angeles, San Francisco and Boston.
  13. Canada is the best country in the world for business

    Forbes ranks Canada 'Best for business' among G20 countries. In landing in the top spot, Canada was graded on 11 factors including property rights, innovation, taxes, technology and stock market performance.
  14. Canada ranks 2nd in the world for cybersecurity

    The Global Cybersecurity Index (GCI) ranks Canada second in the world. Canada ties the U.S. for its level of cooperation and is seen to play a leading role in cybersecurity research and development while possessing strong organizational and procedural measures to enhance cybersecurity. Canada also ranks fourth in the world for cloud computing.
  15. Toronto has one of the world's most reliable labour forces

    AON Consulting rates the Toronto labour force among the most reliable in the world. In its People Index Ratings, AON Consulting ranked Toronto third out of 90 global cities, ahead of London, Los Angeles and Hong Kong among others. According to AON, Canada derives its strength from the enforcement of equal opportunity laws, government mandated health and retirement benefits, low levels of corruption and high quality and broad availability of training facilities.
  16. Canada is rated a top location among global expats

    A global survey of more than 14,000 respondents from 195 countries and territories by InternNations finds Canada a top location for expats. Canada was rated a desirable place to work and raise a family while being praised for its diversity and stable economic and political environment.
  17. Companies headquartered in Canada are the most reputable in the world

    Reports by Edelman, RepTrak and The U.S. News & World Report all came to the same conclusion: Canada is the best place in the world to headquarter a business. Edelman's 2016 Trust Barometer found Canadian companies received a 66% approval rating, making Canadian-headquartered companies the most trusted in the world. Meanwhile, RepTrak's report applauded Canada for its appealing environment, advanced economy and effective government. U.S. News & World Report cited Canada's high quality of life and favourable regulatory environment.
  18. Toronto is one of the most multicultural cities in the world

    With more than 200 languages spoken and about half of its citizens foreign-born, Toronto is often called one of the most multicultural cities in the world.
  19. Canada is a global top 5 location for creativity

    Martin Prosperity Institute's Global Creativity Index ranks Canada fourth among 139 countries, and we are proud of the fact our rating is attributed to inclusion and diversity. Authors of the report state Canada's openness to different kinds of people offers an advantage in both attracting talent across the spectrum and mobilizing new ideas.
  20. Canada is home to one of the world's soundest banking systems

    In 2015, the World Economic Forum ranked Canada's banking system as the soundest in the world for the eighth consecutive year. In 2016, we ranked a small fraction behind Finland and South Africa, but still ahead of the majority of the world.
  21. Toronto is a global top 20 start-up ecosystem

    Owing to its high ratings for performance, availability of funding and entrepreneurial experience, Compass rates Toronto one of the best start-up ecosystems in the world.
  22. Toronto is North America's 2nd most competitive financial centre

    Toronto is the second most competitive financial centre in North America, according to the Global Financial Centres Index (GFCI). Toronto ranks ahead of Chicago, Boston and San Francisco and sits eighth globally.
  23. Canada is one of the most entrepreneurial countries in the world

    Canada is the second most entrepreneurial country in the world, according to the Global Entrepreneurship Development Institute (GEDI). Canada's high rating is attributed to its highly skilled human capital and strong entrepreneurial abilities.
  24. Ontario is North America's 2nd largest information technology cluster

    Many don't realize Ontario is one of North America's largest centres for information and communications technology, second only to Silicon Valley.
  25. Study after study ranks Toronto the best place to live

    The Economist, Metropolis Magazine, ECA International and others continually praise Toronto for its liveability. The Economist named Toronto the best place in the world to live based on ratings of its business environment, cost of living, liveability, personal safety, food safety and freedom and democracy.

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June 22, 2016

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