Strong Economy

A robust economy made for business

Oakville is all about economic opportunity, growth and success, no matter what industry sector you represent.

Our economic indicators show the big picture: from nearly full employment to higher-than-average household incomes.

Economic indicators: Quick facts

Average Household Income

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% Unemployment Rate

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GTHA Labour Force

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% of Residents with Post-Secondary Education

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Source: Environics Analytics, 2015 Estimates; Statistics Canada 2011 Census.

Note: some numbers have been rounded.

Access to major markets

Just west of Toronto, Oakville is the ideal location for companies of all sizes. With connections to Canada's largest city — the country's corporate capital and economic powerhouse — Oakville is right in the centre of the action that drives business.

From here, you gain quick access to two international airports and the US border. Toronto Pearson International, Canada's largest airport, is less than a half-hour drive from Oakville and offers well over 440,000 flights annually to all the places that companies want to reach.

Home Base for Major Employers

We are the location of choice for many Canadian headquarters. Join our distinguished roster of companies such as Ford Canada, Siemens Canada, UTC Aerospace Systems, Restaurant Brands International and HATCH.

Ford Motor Company

Ford Motor Company

UTC Aerospace Systems

UTC Aerospace Systems

HATCH

HATCH

Innomar Strategies

Innomar Strategies

Draw from a talented and professional workforce

Draw from a talented and professional workforce

Draw from a talented and professional workforce

Oakville's location in the Greater Toronto Area provides our local companies access to some of the top talent in the country. Employers here have access to a labour pool of over 3.5 million in the Greater Toronto and Hamilton Area. All day GO Train service and local transportation options provide commuting options for employees. 

Labour Force Data

Transportation

Oakville's Key Sectors

Oakville's industry strengths include Professional and Financial Services; Digital Media, ICT and Film; Life Sciences; and Advanced Manufacturing. In Oakville, businesses in these sectors have access to an exceptional talent pool, excellent educational resources, proximity to Canada's corporate and cultural capital, and accessibility to domestic and international markets.

 

Professional and Financial Services

Professional and Financial Services

An established and growing cluster of professional services companies. 

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Digital Media, ICT and Film

Digital Media, ICT and Film

Home to Sheridan College - one of the top animation schools in the world

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Life Sciences

Life Sciences

Oakville is located in the heart of Canada's life sciences corridor

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Advanced Manufacturing

Advanced Manufacturing

A dynamic cluster of businesses supporting innovation and growth

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Competitive Costs

Businesses in Oakville benefit from the competitive cost environment in Canada and Ontario where overall business costs are the lowest of all G7 countries. Oakville's local costs such as land, taxes and development charges are competitive, compared to other communities in the Greater Toronto Area. 

The top 10 reasons corporate leaders choose Oakville:

Location

Oakville is only 20 minutes outside Toronto

Costs

Oakville offers competitive costs of doing business

Workforce

Oakville is home to a highly skilled and professional workforce

Global Access

Reach your customers in major US and world markets

Lifestyle

One of the top three places in Canada to enjoy life at its best

Transportation

Quick connections to regional, national and international markets

Land

Ample land and facilities to build, expand and invest

Education

Top schools within easy access

Incentives

Programs available to support your business

Key Sectors

Oakville's industry clusters are growing