Toronto is Canada’s largest city and a world leader in such areas as business, finance, technology, entertainment, and culture. Its large population of immigrants from all over the globe has also made Toronto one of the most multicultural cities in the world.
The city features an extensive system of underground tunnels and concourses lined with shops, restaurants, and theatres. Through the construction of new housing and mixed-use projects, together with the restoration and rehabilitation of heritage buildings, an extraordinary vitality has been brought to the urban core.
Toronto ranked 7th (tied with Tokyo) of 140 cities in the 2018 Economist’s Livability Survey and 13th (tied with Boston) of 101 cities for best university cities for international students (2019).
Toronto experienced a 12.7% year-over-year increase in home sales in January 2020. New listings were down year-over-year by 16%. Average sale price is up 13.7%. The Sales to New Listings Ratio (SNLR) is up 4.8% at 62%. SNLR at 55% or more indicates a seller’s market: there are more buyers than properties for sale. This points to the ongoing housing supply issue in the GTA and suggests that market conditions continued to tighten which points toward an accelerating rate of price growth.
|Average Sale Price||$888,385||$777,674||13.7%|
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