What is Fueling the Toronto Real Estate Market

30 September 2015
Remax-Condos-Plus

The number one question we are always asked is why is the Toronto real estate market continuing to roll along and be so strong?

The obvious answer is a continuous population growth. There are a million more people in the GTA since 2007. Most of them want to live in central Toronto and this has continued to fuel sales. There is also a second, less obvious reason. Stock markets and stock market volatility have not been kind to investors; hence more and more people want to invest in real estate. It’s funny, but North Americans think of real estate as just buying a place to live in, but people from other parts of the world believe in real estate as a great place to store wealth and earn consistent returns over a long period of time.

Toronto is an international city; we attract investors from all over the world. We also see that first generation Canadians have a bigger appetite for real estate than people who have lived in Toronto for years and have taken it for granted. This change in the mix of Torontonians has also had a big impact on our market place.