The City of Toronto recognizes the significant value of the post-secondary educational institutions that call Toronto home.
Toronto is the largest centre of education, research and innovation in Canada. The breadth and depth of Toronto’s world-renowned educational institutions and a highly educated population are integral to attracting the best businesses and the brightest minds.
The City partners with local colleges and universities on projects with mutually beneficial outcomes.
In 2017, the City of Toronto signed formal MOUs with the eight public colleges and universities in Toronto. The MOUs formally “acknowledge that by collaborating, they make the City a better place to live, learn, work and prosper.”
From the MOUs:
Working together, the City and the University/College agree to identify opportunities to leverage resources and talent to meet broadly defined shared goals including but not limited to the following:
Toronto is home to four publicly funded universities and four community colleges which additionally have numerous satellite campuses located outside of the city. In 2015, nearly 300,000 students were enrolled in these schools.
Revenue for post-secondary institutions alone is $4 billion and the education sector directly contributes $15.5 billion to the regional economy and $8.8 billion to the City itself.
Toronto’s education sector is one of the largest in terms of employment, employing 119,000 people and accounting for $7.2 billion in annual wages.
Toronto is a leader in academia at all levels, a progressive city with one of the most highly educated populations in the world. We host about one-quarter of international students in Canada with an annual rate of growth of more than 11 per cent in the last decade.
The City is a proud partner of multiple ongoing projects with the eight Toronto-based public post-secondary institutions as groups and individually.
Recent projects include: