York Region Economic Data & Reports

Please use the accordions below to find economic data, economic development reports and publications, business incentive programs, and more resources related to economic development in York Region.

57,000
Businesses
1,100
New Businesses

Annual average
2014 - 2023

624,000
Local Jobs
750,000
Local Labour Force

Estimated 2024

$90.8 Billion
Nominal GDP

2024

1,260,000+
Residents

2025

15,100
Population Growth

Annual average
2014 - 2023

238
Distinct Ethnicities

2021 Census

120+
Languages Spoken

2021 Census

18
Universities & Colleges

Within commuting distance

13
Fortune 100 Companies

With operations in York Region

3 of GTA's Top 5
Corporate R&D Spenders

Have major operations in York Region

20% of GTA's
STEM & Business Graduates

Reside in York Region

$7.6 Billion
in Growth Infrastructure Investments

2024 Estimates

$5.9 Billion
Total Construction Value

2023

Open Data Portal

York Region’s Open Data portal is the public platform for exploring and accessing Regional data.

Employment Survey

The Employment Survey is a survey of all businesses with a physical presence in the Region.

Export Factsheet

This factsheet provides statistics on business exports from York Region-based exporters.

Top Companies in York Region

View York Region businesses with leading positions in top company indexes and ranking lists.

York Region Business Information Dashboard

Unemployment Rates

Source: Statistics Canada | Labour Force Characteristics, 3-month moving average, unadjusted for seasonality, NOC 2021, custom tabulation
*CMA – Census Metropolitan Area

Industrial Real Estate Vacancy & Availability

Source: CoStar | Note: Industrial properties include flex building space

Office Real Estate Vacancy & Availability

Source: CoStar

Business incentives come in a variety of forms including, but not limited to, funding (loans & grants), landing support, and development charge deferrals and are offered through multiple levels of government. In this section you will find resources to available business incentives at a regional, provincial, and federal level. Additionally, York Region’s local municipalities may have additional business incentives available.

LARGE OFFICE INCENTIVES

On October 24, 2024, York Regional Council approved a new large office incentive program to enhance York Region’s economic prosperity and job growth.

The large office incentive program, which targets office buildings 75,000 square feet or more and built in Regional growth centres, Major Transit Station Areas or Specific Local Centres includes a Development Charge Deferral of up to 20 years and a potential development charges discount.

Under the development charges deferral program, the full development charges payable could be deferred, interest free, for between 5 and 20 years and would not require a letter of credit. To qualify, buildings must also be a minimum of 4 storeys and local municipal participation is required. For further details, see the table below.

The ultimate decision on whether to implement the discount will be made as part of the update of the Region’s Development Charges Bylaw, which is expected to be brought forward to Council in February 2026.

Gross Floor Area Size ThresholdDuration of Development Charges deferral available on Regional Centres and Corridors, Major Transit Station Areas, or on specific Local Centres
Between 75,000 square feet and less than 150,000 square feet5 years
Between 150,000 square feet and less than 250,000 square feet10 years
250,000 square feet and greater20 years

For more information, please visit york.ca/developmentcharges or contact the Region at 1-877-464-9675, extension 71696 or 71660.

INDUSTRIAL DEVELOPMENT CHARGE INCENTIVES

Reduction of Development Charges Where Gross Floor Area is Increased

3.16 Notwithstanding any other provisions of this bylaw, if a development includes the expansion of the gross floor area of an industrial, office or institutional building, the amount of the development charge that is payable in respect of the expansion shall be calculated as follows:

(a) If the gross floor area is expanded by fifty percent of the original gross floor area of the existing development, or less, the amount of the development charge in respect of the expansion is zero.

Source: The Regional Municipality of York Development Charges Bylaw 2022

DISCLAIMER:

These resources are aggregated from a variety of sources. Links to third-party resources listed on this website are provided as an information service to the local business community. York Region Economic Strategy does not endorse, recommend, or approve the suitability of any third-party resources unless stated otherwise, and users should make their own inquiries and conduct due diligence as necessary. The Regional Municipality of York shall not be liable or responsible for any matter arising from use of these resources.

Ready For The

Next Step?

Let’s Talk.

Home Page Form