Top Industries in Thunder Bay
Thunder Bay is home to a range of industries that are key drivers of the city's economy. Some of the top industries in Thunder Bay include:
Healthcare
Healthcare remains a cornerstone of Thunder Bay's economy, with ongoing demand for medical professionals and support staff.
Range: $50-$120k
Growth rate: 5% annually
Education
The education sector in Thunder Bay is thriving, with Lakehead University and Confederation College leading the way in educational services and research.
Range: $40-$100k
Growth rate: 4% annually
Technology
The tech industry in Thunder Bay is emerging, with a focus on software development and IT services.
Range: $60-$150k
Growth rate: 10% annually
Forestry
Forestry remains a vital industry in Thunder Bay, supporting both local and national economies.
Range: $45-$110k
Growth rate: 3% annually
Tourism
Tourism in Thunder Bay is growing, driven by its natural attractions and cultural events.
Range: $30-$80k
Growth rate: 6% annually
Employment Trends and Growth Rates
Thunder Bay is witnessing a steady increase in job opportunities, particularly in the tech and healthcare sectors.
The city's employment trends indicate a shift towards more sustainable and innovative industries.
Income inequality remains a concern, with efforts underway to address disparities through education and job training programs.
Job turnover rates are relatively stable, with a growing emphasis on retaining skilled workers in key industries.
Job Market for Remote and Freelance Workers in Thunder Bay
Remote work is becoming increasingly popular in Thunder Bay, with approximately 30% of the workforce engaged in remote roles.
The tech industry, in particular, offers numerous remote opportunities, with local companies adapting to flexible work arrangements.
City-specific job boards and networking events are facilitating connections for remote job seekers.
Job Resources and Networking
Thunder Bay offers a variety of job resources, including local job boards like Northwest Employment Works and career fairs hosted by Lakehead University.
Networking events and workshops are regularly held to support job seekers in expanding their professional connections.
Local entrepreneurial hubs, such as the Northwestern Ontario Innovation Centre, provide support for startups and small businesses.
Property Prices Rankings
The Property Prices Rankings for Canada evaluate affordability and investment potential using indices like the Price to Income Ratio, Mortgage as a Percentage of Income, Loan Affordability, Price to Rent Ratio, and Gross Rental Yield.
Highest to LowestUpdated: Oct, 2025