Aerial view of airport with skyline in background

For more than 100 years, PortsToronto has worked with its partners at the federal, provincial and municipal levels to enhance the economic growth of the City of Toronto and the Greater Toronto Area (GTA). Today, Billy Bishop Airport and the Port of Toronto act as urban transportation hubs for Canadian and international businesses to gain easy, convenient and cost-effective access to the heart of Canada’s most populated city and province.

Billy Bishop Airport

Billy Bishop Airport is fast becoming a key facilitator of business travel and tourism and a significant contributor to Toronto’s economic growth.

As an emerging regional hub, the airport links the Greater Toronto Area (GTA) to major North American cities, and has become a vital part of business growth, supporting Toronto’s international competitiveness. The airport brings direct and indirect economic benefits to the GTA, supporting Toronto’s key sectors; financial services, life sciences, creative industries, food and beverage, and film and television.

Billy Bishop Airport’s economic impact* in 2014 includes:

  • $2.1 billion in economic output, a 10 per cent increase from 2012;
  • More than 6,500 jobs representing 6,220 person years of employment (1,960 of which are directly associated with Billy Bishop Airport);
  • $695 million in Gross Domestic Product (GDP);
  • $385 million in wages; and,
  • Overall tax revenue and Payments-in-Lieu of Taxes (PILTs) of approximately $74 million annually.

Since 2006, the airport has seen an exponential year-over-year increase in passenger numbers. As passenger traffic continues to increase, the airport’s operations are expected to continue to stimulate business and commerce, translating into measurable and sustainable economic growth for years to come.

*According to economic impact study results based on a review of 2014 operations. The full economic impact report is available here.

Port of Toronto

Serving primarily as a bulk cargo facility, the Port of Toronto is a unique addition to Toronto’s economic infrastructure that provides a network of intermodal links to road, rail and air transportation.

Some of the 2016 Port highlights include:

  • 2.01 million metric tonnes passing through the Port, up 29% from 2013
  • 515,000 tonnes of raw sugar delivered via the port
  • 17% increase in cement tonnage
  • 7 cruise ship visits
  • Over 2,400 cruise ship passengers

With its unmatched vistas of downtown Toronto and proximity to the city’s cultural centre, the Port has become a popular filming location for major television dramas and big-screen blockbusters. In 2016, the Port generated $230,000 in revenue – a five year record. Several productions, including Dino Dana, Ransom and Taken were filmed in PortsToronto properties.