Role of warehousing in the Canadian economy
According to one industry resource, two of the ten largest warehouses on North America are located in Canada: the 1.1 million sq. ft. DSV Warehouse located in Milton, ON, and the 850,000 sq. ft. UPS Facility in Caledon, ON.*
In 2020, Canada’s warehouse sector had a GDP of $4.04 billion.** However, it is once again worth noting this represents the GDP for NAICS 493 Warehousing and storage, and does not capture the economic productivity of retail and e-commerce warehouses.
Warehouse Sector GDP in Canada (1997 to 2020)
* “Top 10 Largest Warehouses in North America.” Damotech. (May 5, 2021). (from https://www.damotech.com/blog/top-10-largest-warehouses-in-north-america).
** Statistics Canada. Table 36-10-0434-03 Gross domestic product (GDP) at basic prices, by industry, annual average (x 1,000,000). (from https://doi.org/10.25318/3610043401-eng).