As a highly competitive and attractive nation with stable environments, accessible healthcare, and availability of quality housing – Canada offers a high standard of living for residents and newcomers alike.
Established as “The Global Liveability Index”, the report recently published by The Economist Intelligence Unit (EIU), a division of The Economist Group and a leader in global business intelligence, assesses what locations around the world provide the best or worst living conditions. It rated 173 cities in 30 carefully selected performance indicators across five broad categories: stability, healthcare, culture and environment, education, and infrastructure. Rounding out the nation’s most liveable cities in the top 10 are Calgary, Alberta; Vancouver, British Columbia; and Toronto, Ontario – ranking 3rd, 5th, and 8th respectively.
At Greybrook, a key pillar of our investment philosophy is to pursue opportunities in growing and stable markets that have strong underlying drivers. Toronto, our core market of focus, is one of the most liveable and competitive cities in the world consistently offering residents and professionals alike a diverse, high quality of life. Placing 8th on the World Liveability Index, ahead of major cities like Paris, Melbourne, and New York, the city earned perfect scores across healthcare and education followed by scores in the 90s across infrastructure, stability, culture and environment.
As an international hub for research and higher learning, Toronto is home to some of the most globally respected universities that reflect the high standards of the Canadian education system and its great learning community. Maintaining the most diverse student population in the country, Toronto continues to attract the greatest number of international students annually, at 17% of the total students.
Among its most renowned institutions are The University of Toronto, York University, and Toronto Metropolitan University − which together help fuel innovation, drive economic growth, and attract global talent. Recognized as a world-class institution, The University of Toronto consistently ranks among the top 20 universities worldwide based on Times Higher Education’s World University Rankings 2022.
Committed to sustaining and investing in vibrant and diverse arts and culture initiatives to enhance liveability and foster community, the municipal government alongside Local Arts Service Organizations (LASOS) provides a variety of accessible, quality services and programs for cultural expression, development, and advocacy across the city. Annually, arts and culture contribute $11.3 billion to the city’s GDP, with some of the biggest cultural activities and events including the Pride Toronto Festival, Luminato, and Caribbean Carnival.
Frequently featured on prestigious international rankings, Toronto has earned nods from some heavy hitters including recently being named one of the World’s 50 Greatest Places of 2022 by Time Magazine, hailing the city as multi-dimensional, forward-thinking, and diverse.
To read the full Global Liveability Index 2022, visit Global Liveability Index.
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