York is the fastest growing region in the GTA. Its diverse economy with strengths in different sectors ensures its ability to withstand economic downturns. Some of these sectors are automotive and transportation equipment manufacturing, construction, finance, communication technology, biotechnology, pharmaceuticals, manufacturing of rubber, plastics, non-metallic and aggregate products, environmental and business services.
A study of employment trends in York Region in 2011 found out that the automotive, construction and the finance, insurance and real estate sectors accounted for 86,000 jobs or 19 per cent of the total employment in the Region. The automotive sector is an important part of Ontario’s automotive industry. Global automotive industry leaders like Mazda, Honda, BMW, Hyundai, Volvo and Suzuki have their Canadian head offices in York Region. The construction sector as well as the finance, insurance and real estate sectors recorded a significant increase over the last few years thanks to the population and economic growth of York Region.