Toronto’s coworking landscape has experienced significant growth, reflecting a global shift towards flexible work environments. As of 2024, the city boasts a diverse array of coworking spaces catering to freelancers, startups, and established businesses. The average monthly cost for a hot desk ranges from CAD 200 to CAD 450, while dedicated desks are priced between CAD 400 and CAD 650. Private offices can vary from CAD 600 to CAD 1,500 per month, depending on location and amenities.

This expansion aligns with global trends, with the number of coworking spaces worldwide projected to reach nearly 42,000 by the end of 2024.

In Toronto, the average asking rent for office spaces across all classes was CAD 25.40 per square foot as of the third quarter of 2024, indicating a 2.5% decrease year-over-year. Class A office spaces saw a slight increase to CAD 26.15 per square foot.

This dynamic environment makes Toronto an attractive destination for newcomers seeking flexible and cost-effective workspace solutions.

Steps to Moving to Canada and Finding the Best Coworking Spaces in Toronto

Embarking on a journey to Canada, particularly to a bustling metropolis like Toronto, requires meticulous planning and informed decision-making. We will offer an overview to assist newcomers in navigating the immigration process and selecting suitable coworking spaces in Toronto. For more assistance contact us.

Navigating the Canadian Immigration Process

Relocating to Canada involves understanding various immigration pathways tailored to individual circumstances. One prominent resource is Wild Mountain Immigration, a consultancy dedicated to guiding applicants through the complexities of Canadian immigration.

Express Entry System

The Express Entry system is Canada’s primary method for managing skilled worker applications for permanent residence. It encompasses three federal programs:

• Federal Skilled Worker Program (FSWP): Designed for individuals with foreign work experience who meet specific criteria.
• Canadian Experience Class (CEC): Tailored for applicants with Canadian work experience.
• Federal Skilled Trades Program (FSTP): For skilled workers qualified in a trade.

Applicants are assessed based on factors such as age, education, work experience, and language proficiency. A Comprehensive Ranking System (CRS) score determines eligibility, with higher scores increasing the likelihood of receiving an Invitation to Apply (ITA) for permanent residence.

Provincial Nominee Program (PNP)

Canada’s provinces and territories, including Ontario, have their own immigration programs under the PNP. These programs allow provinces to nominate individuals who meet specific local labor market needs. Securing a provincial nomination can significantly enhance an applicant’s CRS score, effectively guaranteeing an ITA.

Family Sponsorship

Canadian citizens and permanent residents can sponsor their spouses, common-law partners, children, and other eligible relatives for permanent residence. This pathway emphasizes family reunification and has specific eligibility requirements and processing times.

Work Permits and Study Permits

For those seeking temporary residence, obtaining a work permit or study permit is key. Work permits may require a Labour Market Impact Assessment (LMIA), demonstrating that hiring a foreign worker will not negatively impact the Canadian labor market. Study permits are necessary for international students enrolled in designated learning institutions.

Top Coworking Spaces in Toronto for Newcomers

Toronto’s dynamic coworking landscape offers a variety of spaces catering to diverse professional needs. Here are some notable coworking environments that newcomers might consider

East Room

East Room is renowned for its blend of private desks, dedicated desks, and club rooms, each equipped with amenities like coffee makers and refrigerators. Established in 2014, it fosters a community-centric atmosphere through networking events, making it an ideal space for professionals seeking both productivity and collaboration.

Startuptive

Located in Downtown Toronto, Startuptive offers flexible workspaces tailored for entrepreneurs and startups. Amenities include free printing services, mail and package delivery, an on-site gym, and a gaming area, all designed to enhance productivity and well-being.

Project Spaces Camden Street

Project Spaces Camden Street provides a dynamic coworking environment catering to entrepreneurs, remote workers, and co-founders. With a cozy ambiance, friendly staff, and well-designed workspaces, it has received high praise from its members. Amenities include free coffee and tea, contributing to a comfortable and productive atmosphere.

Workhaus Commerce Court

Situated in the heart of the city, Workhaus offers a range of office solutions, including private offices and collaborative workspaces. Members enjoy amenities like high-speed internet, meeting rooms, and a supportive community, all within a convenient downtown location.

• Acme Works provides a dynamic environment with various workspaces, including private offices and open desks. Known for its welcoming community and pet-friendly policy, it offers amenities such as high-speed internet, meeting rooms, and a fully equipped kitchen.
• Staples Studio Toronto This modern coworking space offers flexible membership options, including hot desks and private offices. Amenities include high-speed internet, meeting rooms, and complimentary coffee and tea, all within a central location easily accessible via public transport.
• Verkspace provides a boutique coworking experience with a focus on design and comfort. Offering private offices, dedicated desks, and meeting rooms, it fosters a collaborative environment with amenities like high-speed internet, a coffee lounge, and event spaces.
• WeWork A globally recognized coworking provider, WeWork’s Toronto locations offer modern workspaces, including hot desks and private offices. Members benefit from amenities like high-speed internet, meeting rooms, and a variety of networking events, all within prime city locations.

IQ Office Suites

For those seeking a coworking space that combines luxury, privacy, and professional networking, IQ Office Suites is a standout choice. Located at 150 King St W, it offers ultra-modern amenities, spectacular views, and a quiet, productivity-enhancing environment.

Endnote

Toronto’s coworking spaces not only offer functional environments but also provide access to vibrant communities and networking opportunities that can accelerate professional growth. With ongoing innovations in coworking models, including hybrid options and industry-specific hubs, the city continues to adapt to the evolving needs of its workforce.

For newcomers, leveraging these spaces can be a strategic move to integrate into Toronto’s dynamic business ecosystem while cultivating meaningful connections.

Photo by Arturo Castaneyra on Unsplash

For decades, ROFO.com has been a resource you could trust for finding the perfect commercial location. If you were an entrepreneur of any stripe trying to establish a physical presence for your business, ROFO and its friendly, supportive interface were like a helpful neighbor leading you to the right storefront. But the business landscape keeps changing in ways that affect all of us, and at ROFO, we’re not standing still. Today, we are excited to announce the launch of:

ROFO Beyond Bricks: Strategies for Business Success.

Stretching Beyond the Material Frontiers

ROFO Beyond Bricks is a platform we have just launched at ROFO.com to provide insightful resources and guidance in the specialized area of helping companies like yours break into new markets and opportunities. It is all part of a strategy to go well beyond the standard of care we provide to clients in the classic real estate transaction. We want to help you with the insights and resources to break into new territories and serve your business well.

What Will You Find Waiting at ROFO Beyond Bricks?

ROFO Beyond Bricks will gather under one roof a smorgasbord of riches intended to yield your successful business. What follows is just a fraction of what you’ll find. First, there will be plenty of informative articles and guides. These will be insightful and often span the kinds of lengths that allow for depth without verbosity. They’ll toss around a wide variety of business topics as bait to hook your interest. Among the business-related subjects they’ll cover will be at least one marketing strategy surely destined to inspire you with its originality. The articles and guides will be so readable that the online experience will be virtually indistinguishable from experiencing a face-to-face conversation with the author. Then, too, you will find interviews with honest-to-goodness industry leaders and marketing-savvy entrepreneurs.

Why Use ROFO Beyond Bricks?

Our  newly re-launched platform offers unparalleled benefits for its participants: *

• Stay Informed: While the commercial real estate industry may not be the fastest to adopt new digital trends, it is crucial for professionals operating within the space to be aware of emerging technologies that promise to change the nature of business. This is about not just surviving but thriving in the digital age.
• Access Valuable Resources: ROFO Beyond Bricks will serve as a platform for offering not just advice but also the direct resources that entrepreneurs need to succeed.

Your Success is Our Success

At ROFO, we believe that your success is our success. That’s why we’ve launched ROFO Beyond Bricks. We want to empower you with the tools, knowledge, and support necessary to build a business that thrives beyond both you and its physical location. Whether you’re looking for the ideal commercial space on ROFO.com or seeking expert counsel, ROFO Beyond Bricks is here to serve you. Pay us a visit today, and we’re sure you’ll find a bevy of resources that’ll do nothing but good for you and your entrepreneurial dreams!

Still Here for Your Commercial Real Estate Needs

We are still here to help with your commercial real estate needs. We still provide a focused and enhanced means of searching for your next commercial real estate space. Acquiring commercial space is not nearly as easy as booking a hotel room. Once you have the right space in mind, you must then locate the right landlord or sub-landlord who can meet your very particular and vital business, space, and location requirements. If you are like most businesses, you likely don’t do this often, which makes the search even more difficult when the time finally arrives. ROFO represents an alternative that works well with both soft and hard searches. Its engine returns results quickly and precisely, using the right criteria to pull in the appropriate properties and the right contacts.

These professionals are much like you, they are seeking to forge qualified connections.

• ROFO provides you with a simple, efficient portal into your local commercial real estate market.
• And even if you need office space, part time or otherwise? Or if your search is for an ideal new retail location?
• An industrial, manufacturing, or co-working space?
• Or perhaps what you need is a virtual office?

Whatever it is you’re after, ROFO is your surefire way to find the local residential market’s “it” space.

The Easy Way to find Commercial Real Estate

The Easy Way to find Commercial Real Estate