Aurora, Ontario Overview With a population of just over 50,000, Aurora, Ontario is the 95th largest city in Canada. ...
Aurora, Ontario Overview
With a population of just over 50,000, Aurora, Ontario is the 95th largest city in Canada. Located just north of Toronto, it is included in the Greater Toronto area. Aurora is also known for its relative wealth and high education. Thirty-four percent of the workforce has attained a university degree or higher.
Cost of living in Aurora is higher than other areas of Canada and Ontario, primarily due to an expensive housing market. Of the 890 homes sold in 2013, the average price was C$593,000, which is substantially higher than almost any other area of the country.
Aurora, Ontario Job Opportunities
There are many job opportunities in Aurora in numerous professions. The sales and service industry, business and finance, and management are the primary job sectors and comprise 56 percent of the workforce in Aurora. Other jobs are found in education, as there are several schools in the city.
One of the largest manufacturers of auto parts in the world, Magna International, has its headquarters in Aurora. It is also the largest employer in the city, hiring people in many positions such as managers, automotive assembly line workers, and accountants. Other top employers include State Farm Insurance and TC Transcontinental Printing Company. Both of these companies have large offices in Aurora.
Aurora, Ontario Employment Trends
The unemployment rate in Aurora is only five percent, compared to 6.5 percent in Ontario and seven percent nationally. This is due to a highly educated workforce. The city also has plans to expand by building new housing and commercial buildings. This plan is expected to bring job opportunities to an additional 6,000 people, although the jobs will not all be permanent. Job growth is expected to increase in several industries, including food services, finance, construction, human resources, and insurance underwriters.