Quote:
Originally Posted by Wharn
London Life is still here. Even though they're a branch of Great-West Life, it still counts, right? To be honest, the drive to move to Toronto has always perplexed me, because it is a very high-cost environment. Taxes are high, salaries are high (to make up for a high cost of living), and office space is expensive. You would think medium-to-large corporations would prefer to situate themselves in smaller centres (eg London, Madison, Saskatoon) to save on overhead.
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It's a drive that perplexes me too. I personally think that London has several competitive advantages for businesses, including the lower costs that you mentioned; also, I believe that above-average unemployment in a city that has multiple post-secondary institutions generating talent is a competitive advantage that too many companies miss. They think that they need to centralize in Toronto for the sake of being in Toronto, when they forget there are graduates of Western and Fanshawe that would remain in London if they could get a good job there.
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