In this carefully curated list, we present 75 outstanding business ideas poised to thrive in Toronto in 2024. Renowned for its vibrant, business-friendly environment, Toronto offers a wealth of opportunities for entrepreneurs.

As North America’s fourth-largest city, Toronto stands at the heart of Canadian commerce. Within a 160 km (100-mile) radius, it encompasses a quarter of Canada’s population, making it a bustling hub of potential customers and talents. Furthermore, its strategic location places it just a 90-minute flight from over 60% of the United States’ population, offering unparalleled access to a vast North American market. This unique blend of accessibility and opportunity makes Toronto an ideal launchpad for your next business venture.


Embarking on a journey through the vibrant entrepreneurial landscape of Toronto, BusinessNES has meticulously unearthed a treasure trove of opportunities. These ideas not only capture the spirit of innovation and progress but also resonate with the unique rhythm of Toronto’s diverse and dynamic culture. Let’s dive into these game-changing business concepts that are set to redefine Toronto’s market in 2024.

1. Personalized Phone Cases
The demand for personalized products is surging, and phone cases are no exception. As daily essentials, many customers are willing to invest in unique, customized cases. This market is not just for high-end brands; personalized phone cases present an excellent opportunity for small and startup brands as well.

2. Healthy & Organic Fast Food
With growing health consciousness, Toronto’s residents are increasingly seeking quality, natural foods. The popularity of organic products among middle and upper socioeconomic groups is rising, driven by a commitment to sustainable, healthy lifestyles. The future looks bright for businesses that can innovate in the realm of healthy, organic fast food.

3. AI-based High-Quality Content Production
Artificial intelligence is revolutionizing content creation, spanning photos, videos, graphics, text, and music. The market already offers numerous free or affordable AI content creation tools, minimizing the need for substantial startup capital. This technology enables the production of diverse content, ranging from creative reports for companies to AI-generated audio for advertising, catering to a wide array of corporate, organizational, and individual needs.

4. Smart Jewelry (Startup or Store)
Smart jewelry merges aesthetics, prestige, and the latest technology. Although smart rings, necklaces, and bracelets are gaining popularity, the market still holds vast untapped potential. This blend of fashion and technology offers numerous opportunities for innovative entrepreneurs.

5. Online Subscription Services for Homes
Homes, whether housing families, groups, or individuals, require a consistent supply of certain essential goods. Subscription services for home goods simplify life and save time. While gaining traction, this business model, especially for recurring essential goods, is poised to grow significantly, appealing not only to households but also to businesses and organizations like schools.

6. Secondhand retail
A great business idea in Toronto is second hand retail business. Torontonians buy and also dispose of masses of items. Many such items have value and can be repurchased and then resold at a high profit (you can find many e.g. on eBay, Poshmark, ThredUp, Bonanza or Facebook Marketplace). To succeed in such a business, it is advisable to start by specializing in one niche of such seconhand retail, achieve a high level of professionalism in it, and only then expand into other niches.

7. Virtual Assistant Services
The growing reliance on technology in business has heightened the demand for virtual assistants. These professionals handle a variety of tasks, from scheduling appointments to managing social media accounts. Particularly lucrative are highly specialized and professional services, offering a broad range of support to businesses.

8. Urban Farming
Urban farming represents a profitable small business opportunity in Toronto. Various forms include microgreens, mushroom, aquaponic, vertical, and greenhouse farming. These urban farms can supply fresh produce to nearby restaurants, stores, and direct to consumers, often marketed through social media. An appealing aspect of urban farming is its scalability; entrepreneurs can start small, even in a backyard or basement, and expand as the business grows.

9. Innovative Entertainment
Entertainment is a vital and diverse sector in Toronto, brimming with opportunities. Innovative ideas include VR-equipped clubs and bars, entertainment lounges with robotic staff, mobile sauna and cold shower services, drone displays, and augmented reality games set in Toronto. New technologies are continually opening doors for profitable ventures in the entertainment industry.

10. Virtual Reality Therapy
Virtual reality is making significant inroads in healthcare, particularly in therapy and treatment. VR therapy can be used for exposure therapy, simulating various triggers and stressors to help patients acclimatize. It also aids in promoting relaxation, building resilience, and teaching new, positive responses and behaviors. The possibilities are vast, and demand for VR therapy is on an upward trajectory.

11. Virtual Events Management
The popularity of virtual events is on the rise, yet there are relatively few companies specializing in their management. Virtual events offer cost-effectiveness and accessibility for participants regardless of their location or time zone, advantages that traditional on-site events can’t match. This growing demand suggests a promising market for virtual event management services.

12. Vending Machine Business
Vending machines represent a highly profitable and scalable business idea for Toronto. The market is still relatively untapped and offers room for innovation. Vending machines that dispense hot food items like soups, pizza, paninis, and even ice cream, as well as those offering healthy and organic food options, have the potential to be particularly successful.

Read also: 75 TOP Vending Machine Business Ideas

13. Organic Beauty Products
In recent years, more and more consumers in Canada have been paying more attention to the quality of products and how they affect their health and the planet. For this reason, organic beauty products such as organic facial oils, organic body scrubs, organic tanning lotions, organic body wash, organic soap and organic make up products are increasingly in demand. It’s a niche business that is still relatively young and has very high potential for growth in Canada.

14. Local Grocery Delivery Services in Your Community
Many large stores offer product delivery and there is nothing special about it anymore. However, most small local stores still do not offer such services, so this is a great niche for a profitable business. All you need to do is organize a good network of professional and trustworthy shopping couriers and you can start such a business.

15. Premium Outsourcing Services for the Affluent
In Toronto, a lucrative business idea is to offer specialized assistance and outsourcing services catering to the affluent and VIPs. These services could range from personal shopping, car washing, lawn mowing, to other tailored tasks. Wealthy residents seek professional and trustworthy partners. By earning the trust of such clients and delivering the highest level of professionalism, there’s potential for substantial earnings.

16. Pet Food Delivery Services
Pet food subscriptions, animal food catering, and organic pet food are burgeoning businesses in Canada. Offering convenience to pet owners, these services eliminate the need for regular pet food shopping, saving time and effort.

17. Farm-to-Table Meal Delivery
The farm-to-table concept, promoting locally grown and produced foods in Canada, particularly around Toronto, is gaining momentum. This approach not only supports local producers but also offers consumers fresher, less chemically-treated food options. Farm-to-table meals are not only fresher but also more environmentally friendly due to reduced transportation and lower fuel consumption.

18. Robots Store
As the demand for robots grows, a specialized store in Toronto selling various types of robots presents a forward-thinking business opportunity. Popular categories include cleaning robots, cooking robots, children’s robots, and articulated robots. Additionally, collaborative robots (cobots) designed to work alongside humans, industrial robots, and entertainment robots, are emerging markets with significant potential.

19. Drone Surveying
Drone surveying is a burgeoning and highly sought-after service. Useful in land surveys, 3D mapping, photogrammetry, and topographic surveying, these drones, equipped with appropriate sensors, are finding new applications in various industries. Companies offering drone surveying services can expect a growing customer base now and in the future.

20. Drone Videography & Photography Services
The demand for professional drone photography and videography in Toronto and across Canada is on the rise. This service is particularly sought after by business owners and advertising producers, among others. Potential offerings include luxury real estate photography and videography, event and festival coverage, as well as construction project documentation.

21. One Niche Oriented Co-Working Space Rental
Coworking space rental is a very good business idea in Toronto. Many companies, freelancers and entrepreneurs, as well as artists and scientists need such spaces to maximize their potential. A good way to strike out with such business is to offer coworking space for specific sectors of business, art or science. Many people prefer to work among people in similar fields, so they can exchange valuable information and learn from each other.

22. Urban Farming Consulting, Accessories Sale & Related Services
Urban farming is a new business niche gaining a lot of popularity. However, urban farmers need to acquire knowledge, buy necessary accessories (such as lamps, racks, irrigation systems or pots for urban farming), and some of them probably also need some services and consulting. This is a very forward-looking niche full of many opportunities. Another example of a business in this niche could be a store selling products, accessories and seeds for urban farmers.

23. Personal Shopper Services
Many Torontonians love to shop and buy new clothes they do not have enough time to do so. The solution to such a problem is personal shopping services. Such services can be provided directly or over the Internet (e.g., in the form of video chats and also uploading photos or videos). This business has especially great potential in the age of VR and the Internet. Innovative offers and attractive advertisements will be very useful for success in this business.

24. Organic Private Catering (certified & high quality)
Organic, healthy and proven high quality food is a revolution bigger than many can imagine. Many people want to combine health with convenience, so a very profitable and forward-thinking business idea in Toronto is to offer organic healthy food catering and also services such as organic food boxes subscription.

25. Compostable Packaging Design & Manufacturing
Plastic packaging is a real problem in the modern world. Many companies want to use planet-friendly packaging, but there are still not many companies on the market that offer professional services of this type. A great idea for such a business can be a company that offers customizable packaging made of ecological and biodegradable materials. Such packaging is needed in different versions and must have different strengths and be adapted to different conditions, including those such as moisture or heat.

26. Mobile Hair Styling Services
Torontonians love to look good and take care of their hair. Many don’t have time to go to a salon so a great solution to this problem can be a mobile hairdresser and mobile hair styling services. This will give the customer beautiful hair when and where it is most convenient. To maximize the success of such a business, it is a good idea to advertise such a business well on social media, local press and Google Ads.

27. Professional Decluttering Services
Many Torontonians have a problem with too much junk and unnecessary items in the house. For many people, it’s also difficult to deal with such junk when moving house. The answer to these problems is professional decluttering and organizational services that make it easier to clear your home of unnecessary items. Yes decluttering company can also offer organization and management services for your home or office or business, for example, take care of cleaning, air conditioning repair or renovation.

28. Ontario Lake Boat Tourism
Ontario Lake offers great potential for boat tourism. Tourist cruises, photo expeditions, organizing parties and events on boats, as well as renting such boats with a helmsman can be a great Toronto business idea. It’s important to properly advertise such a business and use certain marketing tricks to make sure as many customers as possible hear about such a business.

29. High-end Home Cleaning Services
Many wealthy Torontonians need help with house cleaning, cooking or childcare, but they require truly professional and trustworthy people who will do it. The answer to such needs is a high-end home cleaning company that will offer the highest quality, handle precious items in the right way and, most importantly, offer 100% security and discretion so that the homeowner does not have to worry about their safety, privacy and expensive items.

30. VR testing Services
VR testing services is the next big niche in the business that will grow intensively and is already starting to become popular. Examples of such VR testing services include clothing try on apps, 3D real estate or hotel virtual tours. Testing in VR can also be very useful in architecture, space business, urban planning and construction. It can be a great business to both offer services for such product testing, and to design such applications and programs that allow such VR testing to be as convenient as possible. A very good business idea can be also virtual interior design consulting.

31. Smart homes Development
Whether you’re an IT specialist or want to start your own smart home company, there are many reasons to pursue a career in smart home technologies. The first benefit is the potential to become an important part of a rapidly growing industry. Smart homes can provide a lot of benefits to the homeowners and can help businesses minimize their costs and waste. In addition, more and more new advanced technologies used in smart homes are being developed every year, so demand for this type of service will increase.

32.  Subscription Boxes
The subscription business model is on the rise, with more consumers wanting convenient and personalized purchasing experiences. Businesses in various industries can capitalize on this trend by offering subscription box services.

33. Energy Efficiency Consulting
Energy efficiency consulting is a new very fast-growing business sector that is sure to play an increasingly important role in the future. Saving energy and reducing energy costs is something that most businesses and organizations as well as many individuals care about. Services related to energy efficiency inspection can also be energy measurement & verification; energy audits; energy efficient building construction and construction or Energy & Daylight Modeling.

34. 100% Organic Grocery Store
If you want to start an organic grocery store, you need to know some important factors. The most important factor is sourcing the best suppliers for your products. This should be done by contacting the major organizations that favor organic products and ask them to provide you with better bulk deals. Next, you need to educate your staff on the benefits of organic products. 

35. Dropservicing Business
Similar to dropshipping, you can outsource services to others and take a commission on sales. This can be anything from graphic design, copywriting, data entry, translation and video editing services to book covers design, SEO and much more. Great places to sell such services are Fiverr and Upwork.

36. Senior At-Home Care 
Toronto’s population is aging and people are living statistically longer, so various elderly care services are in high demand. Likewise services offering for care for people with disabilities. Many such elderly or disabled people need assistance or care in their own homes (where they feel more comfortable than in a retirement home, for example). Such professional services tailored to clients’ needs in their homes is a great business idea that can bring in very high profits.

37. Property Management & Maintenance Services
Toronto’s housing market is huge and full of great business opportunities. With a population of over 6 million people in  the Greater Toronto Area there are huge needs and demand for housing and all the related services such as maintenance, real estate advertising, finding clients and tenants as well as renovations, refurbishments or furnishing. The use of the latest technologies, innovations and trends (such as micro-apartments) is the key to success in this niche.

38. Cafeteria with Robots-Employees
Robotization is one of the most important trends that are currently advancing in the economy. Robots can also be an interesting attraction and a unique element that will give a unique character to a business. An interesting idea for such a business in Toronto could be a cafe with robot employees. Such an unusual form of cafe is sure to attract many customers. Another idea could be a bar or restaurant in which customers will be served by robots.

39. Monitoring Gadgets & Robots for the Elderly
Many seniors need care, some of them need someone to watch over them even 24 hours a day. It can be very difficult and expensive (if a human is to do it), so advanced gadgets and robots for monitoring and contact with seniors can be a big help here. Such robots can remind seniors when to take drugs or when to eat. Such robots or gadgets can also monitor the behavior of the elderly, their safety and health (using appropriate cameras and sensors).

40. Startup Hub
Since Toronto is the business and financial capital of Canada, the city is full of money to invest and full of talented and educated people with attractive business ideas. Therefore, a good business idea for Toronto can be the creation of modern startup hubs. To make your startup hub more attractive, you can start by specializing in one area, e.g. a hub for tech startups, a hub for startups invented by young people under 18, a hub for senior startups, or a hub for medical, chemical or financial startups.

41. Artificial Intelligence Services & Software 
This is a huge niche that is already finding its way into many types of business. Lucrative examples of such types of business are:  AI in recruitment; AI in customer service; AI in customer acquisition; AI in ecommerce; AI in customer retention; AI in marketing automation; AI in seo; AI in ppc campaigns; AI in crm; AI in customer feedback and reviews.

42. Mobile Dry Cleaners
Mobile dry cleaning services are a great way to save customers time and make it easier for them to clean their clothes carpets and other fabrics. A great way to entice more customers, for example, is to offer free pick up & delivery for orders over $100.

43. Advanced Tools & Machines Rental
Canadian economy is full of businesses and people who need to rent various types of machinery and tools. A good example in the case of some advanced and expensive machines might be to offer to rent such machines with service. Examples of such machines include vending machines, various types of office machines such as scanners and photocopiers, coffee machines, as well as all kinds of industrial machines. The list of such rental machines is really long and creates great opportunities for a profitable business in Toronto.

44. Drone Store, Services & Consulting
Drones are still a relatively new technology that is already revolutionizing many areas of life. The demand for drones and related services continues to grow, so ideas such as a specialized drone store, drone repair and custom drone building services for given tasks, and drone consulting and education are all promising ideas for a successful business in Toronto.

45. Luxury Pet Products & Services
Many pet owners want the best for their pets and want to give them as good and special a life as possible. For this reason, luxury pet services such as luxury pet sitting for clients with high-end needs and preferences, as well as luxury pet clothes, ornaments, beds and toys, are becoming increasingly popular in Canada.

46. Digital Schools & Professional Virtual Education
While there are already many online education apps and programs out there, this niche still has many business opportunities ahead of it. Examples of such profitable education businesses include learning niche skills online , niche schools, learning using VR technology (e.g. a metaverse school where students participate in VR lessons and lectures), or customizable online schools where the student can choose exactly what they want to learn.

47. Virtual Home Staging
Virtual reality helps facilitate many processes such as home staging. A viable business idea in Toronto could be to offer virtual home staging services, allowing clients to stage their home without having to move furniture. Such a business could also offer other related VR services such as VR home renovation planning, home remodeling, garden design using VR technology and more.

48. Marketing in Metaverse
It is already apparent that the metaverse is becoming a huge market that will play a tremendous role for humanity in the future. The metaverse while attracting millions of users, will also become a natural place for business and advertising to be displayed and shown in the metaverse in a unique way, and advertising rights in the metaverse will probably be less regulated and more free at first. Ideas for such a business could be an advertising agency displaying ads in the virtual world of the metaverse, as well as various forms of advertising and selling goods and services in the metaverse aimed at individual customers. These are just a few of the possibilities, and there are a whole lot of them.

49. Ethical Hacking Business
As cyber threats increasingly endanger companies and personal assets, the demand for ethical hacking and security testing services is surging. This presents a lucrative opportunity for Candian IT talents and programmers who relish challenges and have expertise in IT security systems.

50. Direct-to-Consumer Products
Many unique and original products are often only available in select locations or a handful of stores, turning them into coveted rarities. Direct-to-consumer businesses bridge this gap by delivering these sought-after products directly to customers, even from afar. Imagine bringing Alaskan lobsters to Toronto food enthusiasts or Swiss cheeses to aficionados in Ottawa – this model taps into a market of exclusivity and convenience.

51. Metaverse Events & Conferences Organization
The realm of organizing metaverse events and conferences is an emerging and exciting business frontier. These virtual gatherings attract global participants, enabling businesses and individuals to connect with a vast audience and foster industry evolution. While initial costs may be significant, the long-term efficiency gains as VR technology advances are considerable. Plus, the uniqueness of these events can set you apart from competitors.

52. Minority-Focused Businesses
Toronto’s diverse tapestry of cultures and minorities opens doors for businesses tailored to specific communities. Establishments offering hard-to-find products or services unique to a particular minority not only celebrate cultural diversity but also attract a broader clientele drawn to their uniqueness. Such businesses stand to achieve significant success and popularity.

53. Mobile Manicure & Pedicure Services
In a city as bustling as New York, many women cherish the luxury of beautiful nails but often lack the time to visit a salon. Mobile manicure and pedicure services offer a convenient solution, bringing the beauty experience directly to the client. This business idea caters to the busy lifestyles of city dwellers, offering them a slice of pampering at their convenience.

54. Fishing Charter & Fishing Boat Trips
An interesting business idea in Toronto, as well as in other parts of Ontario, is to organize fishing expeditions and various activities for beginners and advanced anglers. From training and educational cruises, to professional fishing expeditions for experienced anglers. Such attractions can be ideally combined with tourism. It is good idea to promote them by cooperating with hotels and restaurants and also by advertising on social media.

55. Parking Space or Garage Rental
It’s usually extremely difficult to find a free parking space in downtown Toronto, especially during the day, so business ideas related to parking can be very profitable. It can be also a good idea to rent or sell parking spaces and garage spaces. Demand for such spaces is very high.

56. Cybersecurity Agency
Cyber security is becoming an increasingly important security sphere of strategic importance in the 21st century. More and more small businesses as well as individuals need such professional services and consulting. Examples of cost-effective cybersecurity sevrices include cybersecurity audits for private and business clients, cybersecurity education and the installation of cybersecurity protection software, and the development of professional cybersecurity strategies for companies and private clients.

57. Anti-Aging & Skincare Services on Demand
American residents are statistically living longer and longer, which is associated with a growing population of elderly and old people. Many older people, especially women want to look young and beautiful. Such people are able to pay really a lot for effective skin rejuvenation improving appearance and professional rejuvenation. There are already a lot of such offerings on the market, but there is still a lot of space for new businesses using innovative methods. Such a business could be, for example, offering such rejuvenation services and treatments with home delivery, or at another place tailored to the customer.

58. Agritourism & Ecotourism Business
Many Torontonians need a break from city life or work, or want to show their children what a peaceful rural and natural life looks like. A great way to do this is to take advantage of agritourism or ecotourism. Such businesses can offer customers contact with rural animals, the opportunity to try rural work, accommodation in the countryside or in attractive natural locations, and natural organic food (as well as natural preserves and rural meats). These are just some of the attractions that can be offered. To maximize the number of customers, it is worthwhile to properly advertise such a business online and on social media.

59. Genetic Testing
Genetic testing has become very popular in recent years and is a very forward-thinking and profitable niche in international business. Many people want to understand their ancestry, test and understand their genes, or understand what genetic diseases they may be susceptible to, so that they can take care of their health in time. Genetic testing can also have broad applications in many other niches, including animals. Profitable businesses in this field include not only offering such tests, but genetic consulting, genetic auditing with personalized advice, genetic dietetics or professional ancestry testing services.

60. Aromatherapy Business
A small business based on aromatherapy can be a profitable venture. This type of business can offer many benefits to both the company and its customers. A formal marketing plan can help you develop a distribution and branding strategy. The plan should be tailored to the needs of your potential customers. You will want to identify your target market during the research phase.

61. Smart Security Systems Installation
Security is one of the most important human needs. This is also the case for Torontonians who are concerned about the security of their nearby homes and businesses. One of the best ways to ensure this is by installing professional home security systems and also offering security services.

62. Energy Auditing & Efficiency Services
If you’re looking for a profitable business idea, you may want to consider starting an energy auditing company. Not only can this business help homeowners reduce their energy bills, but it can also help businesses reduce their carbon footprint. In addition, energy auditing companies can help businesses improve the energy efficiency of their buildings.

63. Online Florist & Flower and Gift Delivery
Flower and gift delivery is an interesting business idea in Toronto. Many people think about how to thank someone, surprise them or express love. Such flower and gift delivery is a great idea to do just that. In order to succeed with such a business, it is worth using the most innovative methods, offering the maximum good customer experience and also delivering gifts in such a way that the recipient of the gift feels as comfortable as possible.

64. Organic Baby Food Business
As health awareness grows among Canadian consumers, so does the demand for high-quality, organic baby food. A promising business idea for Toronto could be an organic baby food brand, complemented by physical and online stores offering premium organic baby food selections. Additionally, organic baby food catering services could tap into this niche market, catering to health-conscious parents.

65. Electric Vehicle Charging Station Installation & Services
The electric vehicle (EV) charging station sector is rapidly expanding. These stations not only require installation but also ongoing maintenance and repair services. There’s also an opportunity to integrate retail offerings, such as vending machines with popular products, adjacent to these charging stations, capitalizing on the waiting time of EV owners.

66. 3D Printing & Designing
3D printing is gaining momentum in Canada, especially in Toronto and other major cities. Business opportunities abound in on-demand 3D printing with delivery, combined 3D printing and scanning services, and 3D printing linked to the metaverse, VR, and AI. As 3D printing technology continues to evolve, it opens up increasingly profitable avenues.

67. 3D Modeling & Scanning
3D scanning and modeling represent forward-thinking business ideas with soaring demand. These technologies have applications beyond industry and manufacturing, extending into gaming, animation, and film. They also play a significant role in emerging fields like the metaverse and NFTs, offering numerous entrepreneurial opportunities.

68. Online Content Production
An online content production business is a viable and future-oriented venture. With minimal initial capital required, it’s relatively easy to start. Successful content creators focus on long-term goals and become thought leaders in their niches. Authenticity is key; creators need to be genuinely invested in their content. A robust system and toolkit are essential for success in this field.

69. Medicinal Herbs Store
A store specializing in herbs and natural medicine can attract a dedicated customer base. Success in this niche hinges on offering top-quality products, such as organic herbs, and providing exceptional customer service. Effective online marketing and social media advertising are critical to reaching the target audience and building a strong brand presence.

70. Membership Clubs
Another of the very forward-looking Toronto business ideas are subscription-based membership clubs, such as those offering exclusive deals or unique experiences. Such businesses are already becoming a popular business model.

71. Podcasting
Podcasting is a particularly good idea for Toronto and other American residents. Good and professional English speaking skills are the basis for running a successful podcast that will gain many audiences around the world. English native speakers already speak fluent English, so as long as they have an idea for a creative podcast, it’s worth a try.

72. Renewable Energy Repair & Maintenance
Green energy involves a lot of installations, connections and technical conversions. Renewable energy also requires maintenance and service, and sometimes repair of used equipment. Since this field of energy is currently developing a lot, the demand for this type of repair and maintenance services will increase. Selling and installing green energy can also be a good business idea.

73. Mobile Clinic 
Mobile medical and health related services is another one of innovative and interesting Toronto business ideas with great potential. People are becoming more and more concerned about their health, and at the same time becoming more and more convenient, so such a business has a good chance of success. Such a business could, for example, offer oxygen, CPR, medicine, doctor, nurse.

74. Junk Removal Service
Often people or companies want to dispose of a large amount of junk, or something that is too large or heavy to remove without the help of a professional company. If there isn’t one in your area, you may want to consider starting such a business.

75. Small Scale Manufacturing
Small scale manufacturing may be a good idea for a profitable business to start in Toronto. It’s important to make a business plan and analyse the market and your competitors. There are a number of very profitable products to manufacture which can generate a lot of money. Examples of such products are: shoes, soap, scented candles, perfumes, cookies, home decorations, furniture, jewelry and many other items.

Read also: 200 Most Profitable Product Ideas to Make and Sell Easily


Other profitable business ideas to consider in Toronto:


  • Mobile high-pressure washing business
  • Antique & vintage store
  • Paid workshops for various groups (youth etc.)
  • Marketing services & consulting  for small businesses
  • Niche online store
  • Open a start-up hub
  • Home-brewing kits & subscription boxes
  • Organic pet food brand
  • Privacy protection agency
  • Start a dog clothing brand
  • Solar panel cleaning & related services
  • Video editing agency
  • Market research & surveys agency
  • Custom product boxes & packaging
  • Luxury & high quality reusable grocery bags
  • Personalized jewelry creation
  • Virtual coworking space
  • Niche products print on demand
  • Glamping (sale & organization)
  • Organic agricultural products wholesale distribution
  • Chauffer & vip transportation services
  • Handmade crafts
  • Custom scent creation
  • Production of medical devices and diagnostics
  • Biomaterials manufacturing
  • Biotech pollution control company

A good business idea for Toronto could also be to sell online high demand products. That’s why, we have prepared this list of TOP 30 Products to Sell in Canada Online.


Consider that when starting a business in Toronto:


  • Toronto is a place full of many cultures and opportunities – Toronto is full of many different points of view, unique people, including tourists and business people. You can learn a lot from them and also gain a lot of inspiration. This mix of diversity creates a great deal of opportunities in many niches in business.
  • Many rich people and big capital – Toronto is full of opportunities for big capital, investments and rich clients (Toronto is undoubtly financial capital of Canada. Five of Canada’s six largest banks have their headquarters in Toronto, near the country’s biggest stock exchange – Toronto Stock Exchange). Such big money, big companies, funds and rich people can be great clients of your business. 
  • In between New York, Ottawa and Chicago – The location at the border with the United States provides tremendous business opportunities. For example, tourism, attracting investors, or exporting and importing products and services.
  • Torontians live very busy lives – Many Torontians are in a hurry and work a lot. This means that Toronto residents need services or products that help them relax, slow down and take it easy.

And how do you think? What are the best new business ideas in Toronto? Share your ideas in the comments section below.

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