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The Right Move: Relocating To Toronto Part 4

Dedicated to attracting and promoting business in Toronto and serving as the key starting point for companies looking to relocate, Toronto Economic Development, the new investment arm of the City of Toronto offers a plethora of economic and statistical information on key business clusters, demographic modelling, import/export information and a direct link to all levels of government.

The aim is to deliver answers in a prompt and confidential manner with the most up-to-date information available. In 2006, the City of Toronto Economic Development has directly helped relocated 40 companies into 8,727,000 square-feet of commercial space creating 7,800 new jobs for a GDP impact of $139,461,000.

City of Toronto,
Economic Development

100 Queen Street West
Toronto, Ontario, M5H 2N2

The Toronto Board of Trade
(Chamber of Commerce)

1 First Canadian Pl.
Toronto, Ontario, M5X 1C1

So you’ve decided the myriad of incentives and benefits of locating your business to Toronto are enough to persuade your company to plant some roots. Maybe lease a small sales office or build a new manufacturing facility, regardless, the question everyone must ask is: Where?

Coming from an outside market, it’s likely you aren’t in the best position to decide where to locate. Sure, you know your clients, your business and what works best in other cities, but where are those areas in Toronto?

Emerging areas and appropriate rental rates for particular locations are as important as knowing your neighbours. A real estate professional should address all these concerns.

According to Andrew Barnicke, Senior VP at JJ Barnicke, “An agent exposes you to all the options in the marketplace, and its sub-markets while understanding the total value equation in order to propose the best financial deal. In addition, an agent can point out the pitfalls inherent in real estate legal documentation.”

JJ Barnicke
401 Bay Street, Ste. 2500
Toronto, Ontario, M5H 2Y4
Tel: 416-863-1215

CB Richard Ellis Limited
145 King Street West, Ste. 600
Toronto, Ontario, M5H 1J8
T el: 416-362-2244

Drawing from Toronto’s multicultural and highly educated talent pool (of its 1.4 million person labour force), requires a professional dedicated to discovering qualified candidates. Human resource consultancies offer a broad range of helpful services, often well beyond employee placement.

Partnerships with an HR consultant can include executive coaching and performance improvement services as well as the development of more effective organization structures—all services intended to help better manage your company’s most treasured resource: people.

“Local intelligence about the talent is critical,” says Stéfan Danis, Mandrake’s CEO and Chief Talent Officer. “The unemployment rate is the lowest it has been in 30 years so there’s a raging war for talent. Going at it alone would be extremely painful.”

Over the last six months, Danis has seen more counter-offers and multi-offers than ever before, while executives get about one call a week for an opportunity to go elsewhere.

55 St. Clair Avenue W., Ste. 401
Toronto, Ontario, M4V 2Y7

The People Bank
220 Yonge St., Ste. 204
Toronto, Ontario, M5B 2H1
www.thepeoplebank.com If you are looking for a single point of contact to relocate one or 1,000 employees, full service relocation firms can handle everything from hiring a moving company to breaking existing leases, to finding day care for little ones. Because relocating is a stressful process, third party organizations who specialize in re-locating individuals, families and entire companies on a daily basis, can orchestrate all the details through their established networks.

Royal LePage Relocation, for example, has more than 450 companies in their client base, and the challenge is managing the infinite details of each client’s move, including geography, distance, perdonal situation and time available to re-locate.

Royal LePage Relocation Services
39 Wynford Dr.
Toronto, Ontario, M3C 3K5

RE/MAX Relocation (Mississauga)
100 – 7101 Syntex Dr.
Mississauga, Ontario, L5N 6H5

Karen Falconer, Superintendent of Education for the Parkdale/High Park area suggests that people start at the board’s Web site. The resource provides access to lists of schools in particular neighbourhoods.

“Then you narrow it down: Do you want an English program, extended French, French immersion, middle immersion or alternative school?”

Some schools have optional attendance or open status, meaning you don’t have to live in the area the school is located. In the case of closed schools, they’ll only draw students who live in the immediate area.

“Most school selection is done onsite [at the school], it’s more friendly. We’re well equipped to meet with prospective students and parents, it’s a big part of our job.”

In response to the growing number of residents who were not born in Toronto (upwards of 50 per cent), schooling in a third language exists in communities with specific language concentrations.

“In this case you’re dealing with communities with established patterns of attendance, for which information can be harder to find, but yes, they do exist.”

The Toronto District School Board
5050 Yonge St.
Toronto, Ontario, M2N 5N8

Toronto Catholic District School Board
80 Sheppard Ave. E.
North York, Ontario, M2N 6E8
www.tcdsb.org—Tim McKeague

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