With the rapid increase in globalisation and urbanisation, Canada has become one of the flourishing countries to live in. Being a highly developed country, this country offers top-class educational facilities and career opportunities. Students and professionals from all over the world migrate to Canada for its exemplary contribution to entrepreneurship, economics, world education, business, pharmaceuticals, scientific innovations, and other sectors. For professionals or students wondering about the best cities to live in Canada, this blog provides an informative approach, highlighting top cities to build a career in.
Top 3 Best Cities to Live in Canada
According to the Organisation for Economic Co-operation and Development (OECD), Canada stands first, being the most educated country globally, with an adult population of 56.71% achieving the higher education brackets. In addition to this, the literacy rate is almost 99% in Canada which makes it a hotspot for incredible job opportunities and overall career growth. For a more profound understanding of how diverse culture greatly impacts the economy, here are the 3 best cities to live in Canada.
Toronto is the fourth-largest city in North America and Canada’s largest financial and business hub. With more than 800,000 businesses, almost 38% of Canada-based businesses are headquartered in Toronto. So for a young professional thriving to find a dream job or a student aspiring to develop skills in Canada’s top-notch IT parks, Toronto offers tempting global opportunities. Rent be expensive, but if you find roomies in Toronto you can save some money. Here are some mind-boggling facts about this busiest city in Canada:
|1. In Canada, Toronto is the only city to have seven significant teams of a sports league – football, hockey, basketball, lacrosse, soccer and rugby.
|2. Toronto is considered the sixth-largest metro region and second-largest food and beverage business sector in North America.
|3. Toronto is a renowned location for movie and television show production, with almost 15% of Hollywood movies being filmed in this city.
|4. PATH, an underground walkway in Toronto, is the biggest underground shopping complex, holding the rank of highest sidewalk sale each year.
|5. Toronto is home to five world-class universities and six globally recognised colleges.
|1. Toronto constitute Canada’s 20% GDP
|2. As per the Global Competitiveness Index published by World Economic Forum, Toronto is a leading hub of prominent banks like the Canadian Imperial Bank of Commerce, Royal Bank of Canada, Bank of Montreal, Bank of Nova Scotia, etc.
|3. The banking and non-banking financial institutions consist of 58% of Toronto’s major employment distribution.
|4. Toronto Stock Exchange holds the ninth-largest position in the stock market in terms of market capitalisation.
|5. An average annual GDP of the last five years in Canada stands second among G7 companies, with a major contribution by the financial and technological sector in Toronto
Montreal is the largest city situated in the province of Quebec, with a majority of the people speaking French. With old Parisian buildings, museums and galleries, Montreal attracts visitors from around the world for its architectural ethnicity. In addition to this, Montreal is considered the fashion galore of Canada, with some most renowned fashion institutes built in the heart of this city. For its vibrant cultural attributes and vast career opportunities, Montreal is undoubtedly one of the best cities to live in Canada.
|1. Montreal holds a position of being the second-largest media sector in Canada for its stellar contribution.
|2. Montreal is the headquarters of the International Civil Aviation Organisation and enjoyed the title of City of Design in 2006 by UNESCO.
|3. In terms of the restaurant chain, Montreal stands the highest in Canada and second-highest in North America.
|4. Montreal hosted the first Olympics in Canada in 1976.
|5. Ubisoft, a video game developer company that designed and developed the famous action-adventure video game Assassin’s Creed is based in Montreal.
|1. Montreal has contributed to the field of aerospace, electronic design and manufacturing, telecommunications, software development, tourism, etc.
|2. The Port of Montreal is the largest inland port engaged in the heavy-duty shipment of common food necessities in and around Canada.
|3. Montreal is the famous international ground for the artificial research centre and is involved in sectors like Microsoft Research, Google Brain, etc. This city played a major in mainstreaming the concept of artificial intelligence and deep learning.
|4. Montreal is the home of the Academy Award-winning documentary producer National Film Board of Canada. Additionally, the head office of Telefilm of Canada is also situated in this city. Almost 6-7% of the city’s GDP is derived from the cultural, art and fashion field.
Being located in a broader region of British Columbia, Vancouver is considered to be the most beautiful Canadian city with stunning metropolitan city life. Undoubtedly, it is one of the best cities to live in Canada, offering a plethora of excellent education systems and diverse cultures. In addition, Vancouver is ranked as the 34th best city globally for its astounding career opportunities, great educational institutions and over-the-top infrastructural facilities.
|General & Business Facts
|1. Vancouver has the lowest record unemployment rate at 4.5% in Canada, highlighting the excellent career opportunities for professionals and interns.
|2. Vancouver Island has made a notable contribution to the industries like agriculture, aquaculture, forestry, hi-tech and education.
|3. Vancouver is ranked as one of the most competitive cities for business establishment by the KPMG’s Competitive Alternative Reports. For its industry’s competitiveness and standard infrastructure, this city is preferably among the best cities to live in Canada.
|4. To attract substantial foreign investment and promote cross-nation trade in the city, Vancouver Economic Commission was set up.
|5. Vancouver has approximately 78,153 small businesses contributing a major part to the GDP.
The above-mentioned cities in Canada emerged as strong economies adding world-class educational, entrepreneurial, and infrastructural values. With a plethora of world-renowned universities, these cities have carved their name as the best cities to live in Canada. Individuals planning to move to Ontario, Vancouver, or any part of Montreal, are bound to experience a serene landscape with huge growth in technology, scientific innovations, and many more.