Best Industrial bays and buildings for rent in Ontario? We got them. Look at the listings above and see all the excellent places we have for you.Ontario is the most populous province in Canada and is home to various industries and businesses. The main industries in Ontario include manufacturing, finance and insurance, real estate, health care, and professional services. These industries account for a significant portion of the province's Gross Domestic Product (GDP).
The manufacturing sector is one of the largest and most important industries in Ontario. It contributes nearly 20 percent of the province's GDP and employs more than 1 million people. The manufacturing sector includes the production of automobiles, chemicals, and metals, as well as paper and plastics. Automobiles are the largest manufacturing sector, accounting for nearly 40 percent of the sector's GDP.
The finance and insurance sector is another important industry in Ontario. It contributes nearly 10 percent of the province's GDP and employs nearly 300,000 people. The banking, investment, insurance, and leasing and rental industries are some of the largest employers in the sector.
Real estate is also an important industry in Ontario, contributing nearly 8 percent of the province's GDP. It employs more than 600,000 people and includes the sale and purchase of residential and commercial properties, as well as the construction of new dwellings.
The health care sector is the third-largest industry in Ontario, contributing nearly 7 percent of the province's GDP. It employs more than 2 million people, including health professionals, support staff, and administrative staff. Hospitals and long-term care facilities are the largest employers in the sector.
The professional services sector is the fourth-largest industry in Ontario, contributing nearly 5 percent of the province's GDP. This sector includes legal, accounting, engineering, and consulting services. It employs more than 700,000 people and is primarily concentrated in the Greater Toronto Area.
Ontario is a major economic power in Canada and its economy has been growing steadily in recent years. The province's GDP grew by 11.4 percent in 2022 (https://www.fao-on.org/en/Blog/Publications/EBO-FA2022#:~:text=Ontario's%20nominal%20GDP%20growth%20is,11.9%20per%20cent%20in%202021)
and its unemployment rate fell to its lowest level in more than 40 years. It is also one of the top destinations for foreign direct investment in Canada and ranks first in the country in terms of Gross National Income (GNI).