Toronto is certainly well known these days thanks to the Toronto Raptors (we the north!). In 2018 Toronto was also named the 4th most liveable city in the world (this doesn’t shock us). But a recent statistic has shocked us, in the most positive of ways… Toronto is the fastest growing city in North America! That’s right, fastest in Canada AND the United States.
With a current population of approximately 6 million, Toronto is the largest city in Canada, and 4th largest in North America. Toronto is indeed a financial powerhouse. The population growth numbers tell the real story. In a 12-month period ending July 2018, Toronto’s population grew by 77,435 people! To put that into perspective, the second fastest growing city – Phoenix – grew by 25,288. In terms of how the population grew, immigration was the main source of growth, with birth being the secondary source. So it is incredibly clear that Toronto is where people want to be.
Toronto’s growth is apparent in the real estate in Toronto. One main area seeing nice value increases is condos and townhomes, which are gaining in popularity due to their affordability for first time home buyers and individuals relocating to Toronto.
First-time home buyers, real estate investors, or those just looking to make a change can be assured that real estate in Toronto and the GTA is strong. While property values continue to increase, don’t wait to get into the market. Start now, start small, and stay patient. We can help. Call us today. 416-222-0025.
Interested in buying real estate in Toronto & the GTA, or perhaps investing in Toronto real estate? First time home buyer? Moving to Toronto? Are you part of a Toronto relocation with your employer? We can help you with all steps of the process, from finding a new home, temporary accommodations in the meantime, destination services, settling in services, move management, and so much more. So many steps of the move can be handled in advance, so when you arrive we can get you settled much faster. When moving to Toronto, we can help with all aspects of the relocation.
We’d love to hear from you, so call us today to book your complimentary private consultation.
Once you are all settled into your new home, let us help you with a relaxing Caribbean get-away with a private luxury villa rental in St Martin/ St Maarten, St Barth’s or Anguilla. Caribbean villa rentals are a cost-effective way to travel. Ask us how!
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Toronto Growing the Fastest in North America
Blog by Doriana Zohil-Morton, Broker of Record/Owner | June 21st, 2019