Colleges & Universities in Ontario

Author.Name IBISWorld Canada Last Updated: March 2026 NAICS ON61131aCA

Colleges & Universities in Ontario industry analysis

Revenue for the Colleges & Universities industry in Ontario is expected to decline an annualized -*.*% to $**.* billion over the five years to 2026, while revenue for the national industry will likely grow at *.*% during the same period. The number of industry establishments has decreased an annualized -*.*% to 66 locations over the past five years. Industry employment has increased an annualized *.*% to 101,780 workers during the period, while industry wages have increased an annualized *% to $*.* billion.

Over the five years to 2031, provincial industry revenue is expected to grow an annualized *.*% to $**.* billion, while revenue for the national industry will likely grow *%. The number of industry establishments is forecast to decline -*.*% to 63 locations over the next five years. Industry employment is expected to increase an annualized *.*% to 106,609 workers during the outlook period, while industry wages likely increase *% to $*.* billion.

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About the Colleges & Universities in Ontario Market Research Report

What’s Included in the Colleges & Universities in Ontario Market Research Report

Definition of the Colleges & Universities in Ontario?

The Colleges and Universities industry in Canada provides public and private postsecondary education services. Industry institutions grant certificates, as well as associate, baccalaureate and graduate degrees. This industry does not include for-profit institutions.

What’s included in the Colleges & Universities in Ontario?

The Colleges & Universities in Ontario includes providing bachelor's degree education , providing master's degree education, providing doctorate degree education and providing college certificates and associate degrees. Related terms covered in the Colleges & Universities in Ontario industry report includes donations, investments and other financial assets managed by universities or colleges, online courses aimed at unlimited participation and open access via the internet, in canadian english, this refers to a technical, applied arts or applied science school, which has the ability to grant certificates, diplomas, associate degrees and bachelor's degrees, a short, focused credential that verifies skills or knowledge in a specific area, often designed for rapid workforce upskilling. microcredentials may be non-credit or credit-bearing and can sometimes be stacked toward a certificate, diploma or degree, provincial government funding intended to support an institution’s recurring core activities, including instruction, administration, student services and facility operations. unlike targeted grants, operating grants generally provide institutions greater discretion over how funds are allocated and a document issued by a provincial government confirming that an international student has been allocated a place within the province’s study-permit intake allocation. most incoming international postsecondary students need a pal as part of their study permit application.

Industry Performance of the Colleges & Universities industry in Ontario

Benchmark the Colleges & Universities in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Colleges & Universities in Ontario

#1 in Highest Revenue 27.9% of province's GDP
Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

Colleges & Universities in Canada


Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Colleges & Universities industry in Ontario

See how key industry drivers, such as gross domestic product, median houshold income, population, number of adults aged 20 to 64, government consumption and investment and per capita disposable income are impacting Colleges & Universities in Ontario

Ontario Economic Indicators

Gross Domestic Product
Median Houshold Income
Population

View more economic information in ON State Economic profile

Canada Key External Drivers

Number of adults aged 20 to 64
Government consumption and investment
Per capita disposable income

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Colleges & Universities industry in Ontario

Access proprietary data on Census Metropolitan Area in the Colleges & Universities in Ontario, such as Toronto, Kitchener - Cambridge - Waterloo and Ottawa - Gatineau. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Colleges & Universities industry in Ontario

Download 19 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Colleges & Universities industry in Ontario in 2026?

The market size of the Colleges & Universities industry in Ontario is $**.*bn in 2026.

How many businesses are there in the Colleges & Universities industry in Ontario in 2026?

There are ** businesses in the Colleges & Universities industry in Ontario, which has been declining at an average annual rate of -*.*% from 2021 to 2026.

Has the Colleges & Universities industry in Ontario grown or declined over the past 5 years?

The market size of the Colleges & Universities industry in Ontario has been declining at an average annual rate of -*.*% from 2021 to 2026.

How many employees in the Colleges & Universities industry in Ontario in 2026?

There are ***,*** employees in the Colleges & Universities industry in Ontario, which has been growing at an average annual rate of *.*% from 2021 to 2026.