Oakville Named Top Canadian Investment Hub for Seventh Year

Oakville has been recognized as one of the leading investment destinations in Canada for the seventh consecutive year. This accolade comes from Site Selection Magazine, an esteemed international publication focused on corporate real estate and economic development. The magazine released its annual “Canada’s Best Locations” list earlier this week, placing Oakville among the top 20 regions for investment opportunities.

The town’s reputation as a prime site for investment is bolstered by significant financial commitments, the establishment of new businesses, ongoing facility expansions, and a steady increase in job creation. Notably, in March 2025, Siemens announced a substantial investment of $150 million over five years to set up the Global A.I. Manufacturing Technologies Research and Development Centre for Battery Production in Oakville. This project is expected to create up to 90 new jobs and enhance Ontario’s position in the battery manufacturing sector.

Economic Growth and Business Expansion

From June 1, 2024, to May 31, 2025, Oakville welcomed several new businesses, including Element Materials Technology, Atlas Workwear, Orange EV Canada, Vast-Auto Distribution, Vital Bio, and YESA Inc. This influx of companies reinforces the town’s status as a vibrant hub for innovation and economic activity.

Mayor Rob Burton expressed pride in the community’s continued recognition, stating, “Oakville’s recognition for the seventh consecutive year as one of the best places to invest in Canada reflects the hard work of Council, Town staff, and our local business community.” He emphasized that the town’s livability continues to attract and retain talent, which is crucial for driving innovation and supporting economic growth.

For those interested in exploring business opportunities in the area, further resources are available on the Invest Oakville website, along with information provided by the Town’s Economic Development office. The ongoing commitment to fostering a conducive environment for businesses bodes well for Oakville’s economic future and its role as a leading investment destination.

The comprehensive results of Site Selection Magazine’s “Canada’s Best Locations” can be accessed on their dedicated webpage, providing additional insights into the rankings and the factors contributing to Oakville’s sustained success.