- Largest population in Canada - Home to 5.6 million people
- One of the 10 most economically powerful cities in the world (Forbes Magazine)
- Centre of Canada’s banking industry – ranked as world’s soundest banking system for the past 5 years in a row (World Economic Forum)
- Toronto ranked #3 city overall in Cities of Opportunity study of economic leaders: PwC
- Strong growth – Toronto now 4th largest city in North America (February 2013)
- Toronto is Canada's banking/financial capital and the home of its principle stock exchange, the Toronto Stock Exchange
Toronto’s vibrant downtown core has seen a revival of population growth over the last five years, driven in large part by a growing Echo Boomer / Millennials segment.This highly-skilled, highly-educated, and young population is trading the larger and (relatively) more affordable housing choices of their parents for proximity to transit, work, and amenities.
Moreover, employers are now catching on to this recent trend and are increasingly locating themselves within the downtown core as well, hoping to attract this highly-educated, highly-skilled labour force. As a result of this residential and commercial development boom, employment has skyrocketed. Double-digit job growth in the downtown core between 2006 and 2011 heavily outpaced that in the surrounding suburbs.
With immigration projected to remain strong throughout the next decade and given the affordability of the market place in comparisons to other major cities, the Toronto condominium market will continue to be a good place for investors at home and abroad.
In Toronto’s hot real estate market, an early purchase of a pre-construction condo can usually net a tidy profit once the building is finished .
Read my twitter account for Toronto Condo Market Analysis & News...https://twitter.com/jimmysinghremax
Some of the research posts on Toronto Condo market..
- Why condo market did not crash & Why didn't those
#condo investors lose a lot of $$ in 2015? http://goo.gl/fY5lgN
- Why analysts see no quick end to the
#Toronto , #Vancouver #housing booms? @globeandmail.Read http://goo.gl/p36Rww
- Baby Boom: Why more
#Toronto residents are starting families in #condo towers.http://goo.gl/qUTK3l #Toronto is experiencing a #rental_apartment boom. http://goo.gl/EmTZgv #torontorealestate via @blogto
Instead of waiting a few years to turn a small profit on resale, converting real estate into a rental property can be a lucrative long-term investment.Strategically purchasing and renting out an urban condo can build your equity and earn you long-term returns.