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Toronto is an international centre for business, finance, arts, and culture. It is one of the world's most diverse cities by percentage of non-native-born residents, with about 49% of the population born outside Canada. Residents own 40% of the approximately $1.3 trillion (US$ billion) in total annual property values ($ billion USD),the largest amount if any city in North America and one that equals to 47 percentof Ontario's economy. Toronto Pearson International Airport , Canada's busiest airport is located within the Greater Toronto Area making it a major hub for air travel within North America .