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Toronto Economic Dashboard

The Economic Dashboard offers a timely bird’s-eye view of the health of Toronto’s economy. Based on data collected and collated by the Economic Development & Culture Division of the city, the dashboard includes data on financial, labour market, real estate, and transportation activity.

Financial
Labour
Real Estate
Transportation
Financial

Retail Sales (in $ Billions)

$11.53

+$0.1 billion from prior year
November 2024

Manufacturing Shipments (in $ Billions)

$11.63

-$0.6 billion from prior year
December 2024

Business Bankruptcies

24

-19 from prior year
December 2024

Consumer Bankruptcies

127

+4 from prior year
December 2024

Inflation (%)

1.8

-2.4 percentage points from prior year
November 2024

Mortgage Arrears (%)

0.16

+8 basis points from prior year
2024-Q2

Active Businesses

189,946

+146 from prior year
October 2024

Labour

Employment (000s)

1753.8

+169.5K from prior year
January 2025

Unemployment Rate (%)

8.7

+1.1 percentage points from prior year
January 2025

Employment Rate (%)

61.7

+1.2 percentage points from prior year
January 2025

Participation Rate (%)

67.5

+2.0 percentage points from prior year
January 2025

Labour Force (000s)

1921.2

+207.2K from prior year
January 2025

Self-Employment (%)

14.3

-0.5 percentage points from prior year
January 2025

Mean Hourly Wage ($)

$38.20

-$0.50 from prior year
January 2025

EI Claims

26,560

+3230 from prior year
November 2024

Job Vacancy Rate (%)

2.7

-0.8 percentage points from prior year
2024-Q3

Real Estate

Office Vacancy Rate (%)

18.5

+1.0 percentage points from prior year
2024-Q4

Industrial Vacancy Rate (%)

3.1

+1.3 percentage points from prior year
2024-Q4

Housing Starts

412

-432 from prior year
December 2024

Home Sales

1386

-86 from prior year
January 2025

Average Home Price ($)

$985,653

+$25.7K from prior year
January 2025

Residential Building Permits (in $ Millions)

1223.32

+$971.0 million from prior year
December 2024

Industrial Building Permits (in $ Millions)

$11.31

-$85.6 million from prior year
December 2024

Commercial Building Permits (in $ Millions)

$209.981

-$102.3 million from prior year
December 2024

Institutional Building Permits (in $ Millions)

$30.394

-$18.88 million from prior year
December 2024

Hotel Occupancy Rate (%)

84.4

+4.2 percentage points from prior year
August 2024

Transportation

TTC Weekday Ridership (000s)

1,060.6

-159.1K from prior year
December 2024

GO Transit Monthly Ridership (000s)

5,003.7

+1,033.8K from prior year
March 2024

Pearson Airport Passenger Traffic (000s)

3,870.0

+0K from prior year
September 2024

Please note that all data is updated monthly and may not represent the latest statistics.

DUKE Heights BIA between Dufferin & Keele and Steeles & Sheppard. It’s the northernmost business hub of the city of Toronto powering business growth and opportunities for the city and beyond. We promote the potential of the area, provide support to businesses in the area and inject new resources to tap into the potential of the community.

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DUKE Heights BIA

1275 Finch Ave W
Suite 303
Toronto, ON M3J 0L5

TEL: (416) 739-1621

DUKE Heights Newsletter

The DUKE Heights BIA newsletter is published every month to provide useful updates on news within the BIA and beyond, unique offers, and free events.

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DUKE Heights BIA between Dufferin & Keele and Steeles & Sheppard. It’s the northernmost business hub of the city of Toronto powering business growth and opportunities for the city and beyond. We promote the potential of the area, provide support to businesses in the area and inject new resources to tap into the potential of the community.

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