Skip to content
Property Market – Canada
- The 2nd largest country in the world
- Total population: 33,476,688
- 5.9% increase annually over the 2006 figure (Sources: The 2011 Canadian census)
- Immigration is the main drivers of population growth
- The government anticipated between 280,000 and 305,000 new permanent residents in 2016.
(Citizenship and Immigration Canada)
- One of the most liveable cities (The Economist 2015)
- An international center of business, finance, arts, and culture
- The most populous metropolitan area in Canada (5,583,064)
- The 4th most populous city in North America
- Located within 90 minutes of Ottawa, New York, Chicago, Boston and Washington
Education – University of Toronto
- 2nd in the world in research performance.
(University Ranking by Academic Performance)
- 19th in the world; 1st in Canada:
(Times Higher Education World University Rankings)
- During the global financial crisis, the overall house prices of the U.S. dropped 20%, however, Canada only has 5% decrease.
- Canada has become less dependent on the United States
- Toronto is generating $286 billion annually, which represents 20% of Canada’s GDP.
- Ranks 1st in economic momentum among Canada’s 25 largest cities
- Economy diversify with technology, design, financial services, life sciences, education, environment innovations and business services
- Toronto businesses have access to a market of 461 million consumers with a combined GDP of about US$17.9 trillion
- Financial Services – both the financial services capital of Canada and the fastest growing financial center in North America, employing 222,400 people across the region.
- Toronto is home to the headquarters of Canada’s five largest banks
- House prices in Toronto began to rise since 1995. Except for a slight drop in 2007/08, they have never stopped rising.
- Real estate price growth will continue at a moderate pace
- The average of Toronto’s property price: CAD 625,000 (Around HKD 3,750,000)
- The vacancy rate in Toronto in 2015 was only 1.6%. (Sources: Canada Mortgage and Housing Corporation)
- Numbers of Condo rented out grew to 105,317 units in 2015 from 92,257 units in 2014