TORONTO.
INVESTING
IN A COSMOPOLITAN HUB.
Toronto has the third lowest business costs
among large G7 cities – providing exceptional value to your investment.
This impressive result comes from Competitive Alternatives: KPMG’s
Guide to International Business Costs, 2006 edition. The comprehensive
study of location-sensitive costs compares 128 cities in North America,
Europe and Asia-Pacific, using the U.S. average as the study benchmark.
Toronto also flexes its competitive muscle with overall business costs
3.5 percentage points lower than the U.S. average.
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LEADING THE PACK
Toronto is well-positioned in North America in all 17 sectors reviewed
by KPMG, with the second lowest overall costs among large international
cities in the Northeast U.S./Canada region. In its region, Toronto is
an important Canadian centre for innovation and knowledge-based industries.
For sectors such as biotechnology and software design, Toronto wins hands
down against larger U.S. clusters. In biotechnology, Toronto posts cost
advantages of 16 percentage points over Boston. In software design, Canada’s
largest city enjoys cost advantages over New York City of 18.1 percentage
points.
MAXIMIZING COST ADVANTAGES
The KPMG study confirms Toronto’s substantial cost advantages over
U.S. cities. Internationally, Toronto’s overall cost advantage compared
to London and Frankfurt is roughly 13 percentage points. Toronto also
offers investors critical savings in the Northeast U.S./Canada region,
with about a 16 percentage point cost advantage over New York City and
a 6.2 percentage point cost advantage over Detroit.
That’s just the start. Among large U.S. cities
in the Northeast U.S./Canada region, Toronto has across-the-board regional
cost advantages in each sectoral category analyzed by KPMG as proven in
the graph below:
The cost advantage is clear. The choice is yours. Investing in
Canada simply makes a whole lot of business sense. |
TORONTO QUICK FACTS:
- Province: Ontario
- Population: 5,304,100 (2004)
- Traditional Industries: Agri-food, automotive, insurance
and financial services.
- Emerging Industries: Information and communications
technology, life sciences, and call centres.
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