Toronto

City of Toronto operating budget:
$12.3 billion
Unemployment Rate (Population 15+):
7.2%
Gross Domestic Product (in 2007 $ billion, 2016):
$168.0
Average (Mean) Household Income (2015):
$98,174
Labour Force (Pop 15+):
1,624,600
Average Income (Pop 15+, 2015):
$47,617
Office Space Inventory (ft2):
123,030,070
Industrial Space Inventory (ft2):
237,676,885
Retail Space Inventory (ft2):
44,144,000
Average Price All Home Types:
$834,856
Housing Starts (units):
14,724
Total Annual Building Permits ($000s):
$8,835,415
 
• Residential ($000s):
$4,437,600
 
• Commercial ($000s):
$2,495,793
 
• Industrial ($000s):
$879,686
 
• Institutional ($000s):
$1,022,336
Residential Tax Rate:
0.6616472%
Multi Residential Tax Rate:
1.4634065%
Commercial Tax Rate:
2.5202233%
Industrial Tax Rate:
2.5862717%
Retail Sales ($billion):
N/A
Number of Businesses (active locations with employees):
106,029
Low Income (LIM-AT):
20.2%
Average (Median) Household Income (2015):
$65,829
 
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