About Toronto
Photo Credits Courtesy: See Toronto Now
The City of Toronto is the most populous city in Canada and the provincial capital of Ontario. With a population in 2016 of 2,731,571, it is the fourth most populous city in North America after Mexico City, New York City, and Los Angeles. Toronto is the centre of the Greater Toronto Area (GTA), the most populous metropolitan area in Canada, and anchors the Golden Horseshoe, a heavily urbanized region that is home to 9.2 million people, or over 26% of the population of Canada.
A global city, Toronto is an international centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world.Indigenous peoples have inhabited the area now known as Toronto for thousands of years, Located in Southern Ontario on the northwestern shore of Lake Ontario, The diverse population of Toronto reflects its current and historical role as an important destination for immigrants to Canada, with nearly 50% of residents belonging to a visible minority population group, and over 200 distinct ethnic origins represented among its inhabitants.
As Canada’s commercial capital, the city is home to the Toronto Stock Exchange, the headquarters of Canada’s five largest banks, and the headquarters of many large Canadian and multinational corporations. Its economy is highly diversified with strengths in technology, design, financial services, life sciences, education, arts, fashion, business services, environmental innovation, food services, and tourism.
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Moneysense Magazine Statistical Profile 2017
Rank (2016): 43
Average Household Net Worth:
Average Value of Primary Real Estate:
Occupied Private Dwellings by Tenure Owned %:
Population: 2,882,614
Population Change (2012 to 2017): 5.4%
Unemployment Rate (Est.): 8.4%
Median Household Income: $62,285
Average Household Discretionary Income: $49,239
Average Household Net Worth: $794,583
Average Value Of Primary Real Estate: $808,377
Home to income ratio: 8.04
Rent to income ratio: 16.00%
Income Tax: $8,310.00
Sales Tax: 13.00%
Average Property Tax: 2.0%
Average Property Tax: $2,234.03
Average Property Tax As A Percentage Of Average Income: 2.20%
Travel To Work By Walking: 3.9%
Travel To Work By Bicycle: 1.2%
Travel To Work By Public Transit: 19.3%
Total Annual Rainfall (Mm): 714
Days With Precipitation Greater Than Or Equal To 0.2 Mm: 145
Days With Rainfall Greater Than Or Equal To 0.2 Mm: 114
Days With Daily Min Temperature Greater Than 0°C: 264
Days With Daily Max Temperature Greater Than 20°C: 117
Crime Rate – 5-Year-Change: -19%
Crime Rate Per 100,000: 3788
Crime Severity Index: 56.4
Violent Crime Severity Index: 95.3
Owned Homes: 54.9%
Rented Homes: 45.1%
Employed In Health Care: 3.5%
Offices Of Doctors Of Medicine Per ‘000: 1.09
Doctors Per ‘000: 2.1
Employed In Arts And Rec: 3%
Community: 99.2
*Profile Summary via Wikipedia, MoneySense Magazine