Indicator Highlights - Annual

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Christopher Daniels
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1 Economic Overview 2012 Economic Development March 5, 2013

2 Indicator Highlights - Annual Geography % Change Status Unemployment Rate Toronto 9.9% 9.2% 9.6% Canada 8.0% 7.5% 7.3% Participation Rate Toronto 65.3% 64.9% 65.9% Canada 67.0% 66.8% 66.7% Total Employed Residents Toronto 1,263,820 1,266,830 1,286, % Canada 17,041,020 17,306,220 17,507, % Total Value of Building Permits (Billions) Toronto $6.6 $6.9 $ % Canada $72.4 $74.0 $ % Office Vacancy Rate Toronto 7.0% 5.4% 5.6% Average House Price Toronto $468,247 $501,971 $538, % Canada Business Bankruptcies Toronto CMA % (2012 = 4Q's to Q3) Canada 4,072 3,643 3, % Employment Insurance Recipients Toronto 444, , , % Canada 7,018,920 5,942,320 5,475, % Consumer Price Index (2002=100) Toronto % Canada % Retail Sales (Billions) Toronto CMA $63.0 $65.7 $ % Canada $438.5 $456.4 $ %

3 Recent International Rankings Source: Professor Naylor, Speech to Board of Trade, March 23, 2012

4 Recent Canadian Rankings Source: Professor Naylor, Speech to Board of Trade, March 23, 2012

5 10 Year Average Annual Operating Costs: North American Cities Labour Transportation Utilities Facility Lease Taxes $14,000 $12,000 $10, $8,000 $ US $6,000 $4,000 $2,000 $0 Toronto Dallas Philadelphia Detroit Chicago Boston Los Angeles New York San Francisco Source: KPMG Competitive Alternatives Model, 2012

6 10 Year Average Annual Operating Costs: Ai Asian and European Cities Labour Transportation Utilities Facility Lease Taxes $16,000 $14,000 $12,000 $10,000 $ US $8,000 $6,000 $4,000 $2,000 $0 Toronto Milan Amsterda Rome Paris London Berlin Tokyo Source: KPMG Competitive Alternatives Model, 2012

7 Cultural Diversity a key competitive advantage Chinese Italian Portuguese Chinese Polish Spanish Punjabi Tagalog (Pilipino) Tamil Arabic Greek Italian German Greek Arabic Vietnamese Persian (Farsi) German Tamil Portuguese Ukrainian Korean Tagalog (Pilipino) Punjabi Spanish Polish Gujarati Urdu Hungarian Source: Statistics Canada 2006 Census

8 Labour Force Well Educated, Highly Skilled 100% 90% 80% 70% 60% 0-8 years Some secondary High school graduate 50% Some post-secondary Trade cert/apprenticeship 40% 30% Comm college certif/diploma University certificate Bachelor's degree Graduate degree 20% 10% 0% City of Toronto Toronto CMA Ontario Canada Source: Statistics Canada Labour Force Survey 2012

9 Net International Immigration Canadian CMA s ,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Toronto Montréal Vancouver Calgary Edmonton Winnipeg Ottawa Gatineau Saskatoon Source: Statistics Canada 2012 Subprovincial Population Estimates

10 Population Change by Component City of Toronto Natural Increase 120, ,000 80,000 60, Intra-provincial Inter-provincial International Net Change Net Change (without immigrants) 40,000 20, ,000-40,000-60,000-80, Source: Statistics Canada 2012 Subprovincial Population Estimates

11 Economic Diversity provides resiliency Industry/Cluster Urban Regions, Ranking by Size (Number of Employees) 2009 Film and Television Food and Beverage Creative Sectors Automotive Financial Services Business Services Apparel and Textile Manufacturing Biomedical Information, Communication, Technology Los Angeles, New York, Toronto, Miami, Chicago, Dallas, Detroit New York, Chicago, Toronto, Los Angeles, San Francisco, Dallas, Atlanta LosAngeles, New York, Toronto, Chicago, Washington, Dallas, Miami Detroit, Chicago, Toronto, Los Angeles, Kansa City, New York New York, Los Angeles, Chicago, Toronto, Philadelphia, Boston, Atlanta New York, Los Angeles, Chicago, Washington Toronto, Atlanta, Miami Los Angeles, New York, Dallas, Atlanta, Hickory NC, Toronto New York, Boston, Washington, Los Angeles, San Francisco, Chicago, Philadelphia, Minneapolis, San Diego, Toronto New York, Washington, San Francisco, Dallas, San Jose, Los Angeles, Toronto, Chicago, Atlanta, Seattle, Boston Source: Statistics Canada Labour Force Survey and U.S. Bureau of Labor Statistics Current Population Survey

12 High Rise Buildings Under Construction North American Cities 200 Emporis Skyscraper Source: Emporis.com and Skyscraperpage.com (February 1, 2013)

13 Housing Starts 50,000 City Rest of CMA 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5, Source: CHMC Housing Now

14 Housing Completions Toronto CMA 50,000 High- Rise Low-Rise 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5, (f) 2014 (f) Source: Historical Data = CMHC, High Rise forecast = Urbanation, Low Rise = Average of

15 Teranet House Price Index 300 Edmonton 280 Ja an00 = Winnipeg Québec Edmonton Vancouver Montreal Victoria Calgary Ottawa/Hull Halifax Calgary 160 Toronto Hamilton Toronto Jan00 Jan01 Jan02 Jan03 Jan04 Jan05 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Source: Teranet

16 New Residential Condominium Pre-sales (Units) 30,000 City of Toronto Rest of CMA 25,000 20,000 15,000 10,000 5, Source: Urbanation

17 Ontario Merchandise Exports & US$ Exchange Rate $ g $250 $1.10 $200 1 CDN $ in US $ $1.00 $0.90 Expo orts ($Billions) $150 $100 $0.80 $0.70 $50 $0.60 $ Jan- Nov $0.50 Source: Exports - Industry Canada, Exchange Rate - Bank of Canada

18 Hotel Room Rates & Occupancy Downtown $140 Room Rates Occupancy 75% $135 70% $130 65% $125 $120 60% $115 55% $ (f) 50% Source: PKF Consulting

20 Employment in Establishments City of Toronto 1,400 FTA, Jan, ,350 1,300 DOT Com Bust, 2001 Global Credit Crisis, 2008 E.U./U.S. Debt Crisis, 2011 GST, Jan, 1991 (000's) 1,250 SARS, ,200 1,150 NAFTA, Jan, , Source: City of Toronto Planning Division Employment Survey

21 Unemployment Rates City Rest of CMA Ontario Canada 11% 10% 9% 8% 7% 6% 5% Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Source: Statistics Canada Labour Force Survey Seasonally Adjusted 3 Month Averages

22 Participation Rates City Rest of CMA Ontario Canada 73% 72% 71% 70% 69% 68% 67% 66% 65% 64% Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Source: Statistics Canada Labour Force Survey Seasonally Adjusted 3 Month Averages

23 Employment Rate Employment / Population age 15+ Employment / Population age City of Toronto Rest of CMA Ontario Canada % Source : Statistics Canada Labour Force Survey

Economic Dashboard March 30, 2015

Attachment 2 Economic Dashboard March 30, 2015 toronto.ca/business toronto.ca/culture Note: Top symbol compares how Toronto s position has changed; bottom symbol compares Toronto s performance to Canada