Toronto is now officially the fastest-growing city in North America to the latest report from Ryerson University. Ryerson’s Urban Research & Land Development Centre announced that Toronto has taken the number one spot from former runner Dallas–Fort Worth–Arlington.
This data showed that Toronto grew by 127,575 people in 2019 with Dallas-Fort Worth-Arlington trailing behind with 121,767 people. Also if you look at the charts below you’ll see 3 Canadian cities (Toronto, Montreal & Vancouver) all in the top 12!
Immigration in Toronto is almost three times as much as in New York. This is why Toronto Real Estate is a booming market and foreign investors all want a piece of it. Toronto is a hotspot for real estate investors and its track record the past decade has proved to be making investors lots of money. Toronto has always been known as a global economic powerhouse and this report only brings affirmation to the growth potential.
When we look at the real estate market, one thing that has not changed during this COVID-19 pandemic is the pent-up demand and low inventory. Pre-construction projects are still selling out very quickly and this is because investors understand our market is heavily undervalued for what it will be in the coming years.
Want to explore some of the various pre-construction projects we’ve got going on now? Reach out to us today!
