A High Performance Economy
Although our city is optimized for key industries, no one sector dominates here. Burlington is a diverse economy, home to many progressive Canadian and international businesses. Our accessible location in the Greater Toronto and Hamilton Area (GTHA) makes us a strategic choice for your company’s startup or expansion plan.
Close to 1600 new jobs were created here in 2019, an increase of 21% from the previous year. Our city’s strategic plan aims for the creation of 1,000 new jobs every year.
Employment Composition by Sector
Over 100 new businesses and company expansions took place here in 2019. Our goal is to annually increase the overall number of businesses by 1% every year (in 2020, that would be 55 new businesses).
American Cities of the Future ranked Burlington in its top 25 for Foreign Direct Investment (FDI) Strategy, in part due to our ability to attract a number of high-profile companies in a range of industries.
The average price of a residential property here in 2019 was $755,639, a 3% price increase from 20183.
Our city will begin developing a housing strategy, one that includes affordable housing projects, in 2021.
We have a total office inventory of 3,246,990 sq. ft, and 22,501,514 sq. ft of Industrial space2.
Economic Data and Interactive Dashboard
Try this Interactive Dashboard for a visualized representation of key data related to job growth, income, ICI building permits and values, labour demographics and more.