Vaughan: The heart of the GTA and a nationally ranked top place to invest

Located in the Greater Toronto Area – the fourth largest metropolitan area in North America – Vaughan continues to solidify its reputation as a premier destination for business and sustained economic growth with the recent recognition by Site Selection Magazine as one of Canada’s Best Locations for investment.

Vaughan is the ideal landscape for investors, developers and growing companies. Today, Vaughan has momentum for expansion and growth and a stable foundation to support investment projects for years to come. Businesses are supported by infrastructure expansion, an accommodating investment approvals process, industry recognition and an agenda designed to enable growth. 

With unmatched access to key transportation networks and talent pools, rapid development and the fastest-growing economy in York Region, there are so many reasons to invest in Vaughan. 

Here’s a snapshot of what sets the city apart:

• Nationally recognized: In September 2025, Vaughan was recognized by Site Selection Magazine as one of Canada’s Best Locations for Investment.
• York Region’s economic leader: Vaughan remains the largest economy in the Region.
• Outpacing regional and provincial growth: Vaughan’s growth rates consistently surpass those of York Region and the Province, as outlined in the 2024 Economic Data and Business Retention, Expansion and Attraction Highlights (PDF).
• Consistent investment activity and sustained growth: In 2024, the City’s Economic Development team tracked 38 major business expansions or investments in Vaughan, representing over 418,000 square metres (4.3 million square feet) of commercial and industrial space. In the last three years, Vaughan has secured more than 70 investments, which added more than eight million square feet of commercial space.
• Key sectors and major employers: Vaughan’s economy is driven by a wide range of industrial sectors including advanced manufacturing, life sciences, logistics, distribution and e-commerce, agrifood processing, information and communication technology, and construction. Major employers such as Martinrea, Hanon Systems, Toronto Research Chemicals/LGC, Arla Foods, Saputo Dairy, Canadian National Railway, FedEx, Costco, Artizia, Mircom and Atlas Corp. anchor these strategic sectors, among many other strong global players.

With the economic development strides the City continues to make, Vaughan reaffirms its position as a business-friendly environment that welcomes new development, growth and investment. 

To learn more about investing in Vaughan, visit vaughanbusiness.ca. 

QUOTE

“Vaughan is proud to be a destination of choice for business investment. As the economic engine of York Region, home to more than 220,000 jobs and 35 per cent of the region’s employment, our city continues to attract entrepreneurs and companies who see firsthand the strength of our local economy, outstanding amenities and high quality of life. From startups to large enterprises, the City of Vaughan remains committed to supporting businesses as they grow, invest and succeed in our dynamic and diverse community.”

– Mayor Steven Del Duca

QUICK FACTS

• Located in the heart of the Greater Toronto Area, Vaughan is a premier destination for business investment, offering strong momentum for growth today and a stable, well-supported foundation for long-term economic success.

• Vaughan remains the largest economy in York Region, accounting for more than 35 per cent of all regional employment and economic output in 2024, grossing nearly $27.5 billion in real Gross Domestic Product. 

• The 2024 Economic Data and Business Retention, Expansion and Attraction Highlights (PDF) provide an overview of the Economic Development team’s recent achievements. 

• Major employers such as Martinrea, Hanon Systems, Toronto Research Chemicals/LGC, Arla Foods, Saputo Dairy, Canadian National Railway, FedEx, Costco, Artizia, Mircom and Atlas Corp. anchor these strategic sectors, among many other strong global players.

LEARN MORE

• June 24, 2025, Committee of the Whole (2) Report: Strategic Economic Initiatives 2024 Economic Data and Business Retention, Expansion and Attraction Highlights (PDF)

• Economic Development department’s website

• Economic Development department’s eNewsletters

• Economic Development LinkedIn