What will it mean for Toronto if Our Canadian City Gets Picked?

A short list of top 20 cities where Amazon will potentially build its new headquarters has been released and Toronto is in it. This exciting possibility will bring out a lot of new things and overall means great things for Toronto. It’s the only Canadian city that made the list and is contending against 19 other US cities. Toronto has a diverse talent pool to offer as well as being open to migration. Here are some ways an Amazon HQ will affect Toronto.

Jobs

Of course it means new jobs opening up for Toronto. This means 50,000 new technology jobs and other positions. Ultimately this will increase the rates of unemployment especially for among new graduates.

Revenue

The Amazon HQ will be a direct investment of $5 Billion USD for construction. It’s a good economic boost for the region and Canada in general.

Delivery

Some speculate that the delivery efficiency will increase for Toronto. However, a headquarters isn’t a delivery warehouse. Amazon online shopping goods come from any sellers at different locations. The only way to get a faster delivery is paying for the service or getting Amazon prime. The variety of gods online will stay steady.

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