Toronto – Your Nearshore Opportunity

Toronto is one of the world’s most cost-effective cities for business and a major gateway to North America’s and Europe’s fast-growing markets and unlimited opportunities. Lower costs, reduced security risks and the availability and skill of the labour force has made Toronto the Nearshore choice for many companies.

Toronto is the financial and investment capital of the country; Canada's largest five banks and 80% of foreign banks operating in Canada have their headquarters in Toronto as do 60 per cent of Canada's top insurers, responsible for 90 per cent of the industry's total assets. The deals and decisions made by businesses, banks and brokers in the city fuel economic activity across the country and around the globe.

With a current population of more than 2.7 million people, Toronto is Canada’s largest retail market, representing $33 billion or 14 per cent of total Canadian retail sales annually. It is also one-day’s drive from more than 40% of the U.S. business and consumer market.

Toronto’s creativity and productivity is a perfect fit for fast-growing technology-based industries, which continually rise to the forefront. Toronto has the third largest concentration of private ICT facilities amongst North American metropolitan areas behind San Francisco and New York respectively, and ahead of Boston and Washington D.C.

Some of the best R&D tax credits in the world and more than 15,000 researchers, along with a variety of centres of excellence, the University of Toronto and the newly opened Medical and Related Sciences centre (MaRS), have helped to make Toronto a North American hub for scientific study, growing biotech companies, pharmaceuticals and medical devices.