Toronto is North America’s third-largest tech hub. It added 22,500 tech jobs last year which is twice as many as New York City, according to CBRE’s latest survey. Toronto was recently named the world’s fastest-growing technology market. Along with the fast-growing tech jobs, Toronto provides huge number of talents through its superior university system. There are 18 post-secondary institutions in Toronto including universities and colleges, for instance, University of Toronto, York University, and centennial college. More than 400,000 students are enrolled in these institutions and the enrollment rate is still rising. Among those universities, 3 of them are on the list of top 200 university. More than 145,000 students enrolled at those universities which is 40% more than New York .Business Environment: Toronto is Canada’s economic centre, and it has strong and stable GDP growth. The Toronto region’s GDP accounts for 18 per cent of Canada’s GDP and it is still rising stably. The operating cost (labour, property, and utility) in Toronto is relatively low compare to other tech markets in North America. According to PayScale, the average construction laborer hourly pay in Toronto is $19.5 Canadian dollar, the average hourly salary in Seattle is $21, in Boston is $22, and in San Francisco is $25. As the result, Toronto has relatively lower labour cost. For corporate income tax, Toronto has a rate of 26.5%, which is 12.4% lower than the US average and 4.3% lower than the G7 average.