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2025 InvestMilton Annual Report
Growth-at-a-glance
Highest-ranked Industries
Professional, Scientific and Technical Services
- 5,938 jobs in 2024
- 6,135 jobs in 2025
- 197 change from 2024-2025
- 3% change
Retail Trade
- 6,788 jobs in 2024
- 6,510 jobs in 2025
- 200 change from 2024-2025
- 3% change
Wholesale Trade
- 6,510 jobs in 2024
- 6,643 jobs in 2025
- 133 change from 2024-2025
- 2% change
Manufacturing
- 6,437 jobs in 2024
- 6,567 jobs in 2025
- 130 change from 2024-2025
- 2% change
Transportation and Warehousing
- 4,278 jobs in 2024
- 4,400 jobs in 2025
- 122 change from 2024-2025
- 3% change
Health Care and Social Assistance
- 4,952 jobs in 2024
- 5,095 jobs in 2025
- 143 change from 2024-2025
- 3% change
Finance and Insurance
- 4,991 jobs in 2024
- 5,262 jobs in 2025
- 271 change from 2024-2025
- 5% change
Accommodation and Food Services
- 3,807 jobs in 2024
- 3,998 jobs in 2025
- 191 change from 2024-2025
- 5% change
Public Administration
- 3,933 jobs in 2024
- 4,054 jobs in 2025
- 121 change from 2024-2025
- 3% change
Educational Services
- 5,243 jobs in 2024
- 5,408 jobs in 2025
- 165 change from 2024-2025
- 3% change
Business Counts/New Businesses
(As of June 2025 Stats Canada, Dec not released yet)
December 2024:
4,328
June 2025:
4,439
New businesses:
111
2.6% increase
Total Jobs
Jobs in 2024:
0% above National average
77,806
% change (2024-2025):
1.6% above National average
+2.9%
Import/Export
Exports:
$14.90B
Imports:
$12.87B
The InvestMilton team has dedicated their efforts to supporting four key sector opportunities to grow Milton’s export clusters, diversify the economic base, and attract employers that provide high-value, sustainable employment that aligns with Milton’s highly educated workforce.
Professional, Scientific, and Technical Services (PSTS)
The PSTS sector is Milton’s fastest-growing industry, expanding by 34% since 2021 to reach 6,135 jobs in 2025. This strong momentum reflects growing local capacity in knowledge-based industries.
- 2021 Jobs: 4,579
- 2025 Jobs: 6,135
+34.0%
Growth Rate (since 2021)
- Milton: 34% Change
- Halton: 26% Change
- Peel: 25% Change
- Ontario: 22% Change
- Canada: 19% Change
Health Innovation
The Health Innovation sector in Milton has grown by 20% since 2021, reaching 5,095 jobs in 2025. This steady expansion highlights local innovation across healthcare services, medical technologies, and related research and support industries that are advancing care and strengthening outcomes for a growing community.
- 2021 Jobs: 4,237
- 2025 Jobs: 5,095
+20%
Growth Rate (since 2021)
- Milton: 20% Change
- Halton: 22% Change
- Peel: 15% Change
- Ontario: 15% Change
- Canada: 13% Change
Advanced Manufacturing
Advanced Manufacturing remains Milton’s most established sector, supporting 6,667 local jobs and continuing to serve as a cornerstone of the community’s economic base. With steady growth of 11%, outpacing the national average, the sector demonstrates ongoing resilience and sustained momentum within Milton’s evolving economy.
- 2021 Jobs: 5,914
- 2025 Jobs: 6,567
+11%
Growth Rate (since 2021)
- Milton: 11% Change
- Halton: 8% Change
- Peel: 4% Change
- Ontario: 5% Change
- Canada: 4% Change
- 2021 Jobs: 4,011
- 2025 Jobs: 4,400
Transportation and warehousing has grown by 10% since 2021, reaching 4,400 jobs in 2025. Anchored by Milton’s strategic location within the GTA and strong multimodal connectivity, this sector continues to leverage Milton’s well-established reputation as a logistics and distribution hub.
Transportation and Warehousing
+10%
Growth Rate (since 2021)
- Milton: 10% Change
- Halton: 12% Change
- Peel: 14% Change
- Ontario: 11% Change
- Canada: 12% Change
40
Number of permits issued
966,000
Square feet in ICI building permits
$235,946,833
Total ICI construction value
$6.8B
Total Industrial and Commercial Assessment. 21.6% of the total Weighted Assessment.
Sources: CBRE Quarterly Reports, 2025.