Another day, another impressive achievement for our city!
According to the newly released Oxford Economics Global Cities Index for 2025, Toronto has been named one of the top 20 cities in the world, continuing to earn global recognition as a leading urban centre. Securing the 20th position overall, Toronto earned the highest ranking for any Canadian city, beating out other renowned global destinations such as Singapore, Chicago, Miami, and Madrid.
Within the study, Oxford Economics highlighted Toronto standing out as the country’s premier hub for business, finance, culture, and the arts.
In order to compile the ranking, the Global Cities Index assessed 1,000 cities based on five key pillars: Economics, Human Capital, Quality of Life, Environment, and Governance.
Toronto scored especially well in Economics and Human Capital, thanks to its strong GDP, stable economy, and ability to attract top global talent. With a population of 7.2 million and the highest proportion of foreign-born residents in North America, Toronto remains a leading destination for newcomers.
As Canada’s financial and cultural hub, the city is home to the Big Five banks, top universities, and major media and government institutions. However, rapid growth has strained housing affordability, and Toronto ranked 224th in environmental performance due to climate-related vulnerabilities.
Despite these challenges, Toronto remains one of the fastest-growing and most influential cities in North America.
Here are the top 50 cities in the Global Cities Index 2025:
- New York
- London
- Paris
- San Jose
- Seattle
- Melbourne
- Sydney
- Boston
- Tokyo
- San Francisco
- Los Angeles
- Washington, D.C.
- Dublin
- Stockholm
- Seoul
- Zurich
- Oslo
- Copenhagen
- Dallas
- Toronto
- Singapore
- Munich
- Brisbane
- Chicago
- Geneva
- Denver
- Amsterdam
- Atlanta
- Berlin
- Houston
- Perth
- Luxembourg
- Philadelphia
- Brussels
- Minneapolis
- Vienna
- Vancouver
- Helsinki
- Hamburg
- San Diego
- Phoenix
- Basel
- Montreal
- Madrid
- Miami
- Tel Aviv
- Austin
- Bern
- Gothenburg
- Portland
You can dive in more to the full study on their website here!