Friday 28 December 2012

Alberta and the Toronto Condo Boom

Alberta, Saskachewan, and the Toronto Condo Boom


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The fact the two booming economies of Alberta and Saskachewan, combined can in absolute terms draw more people (barely) than Ontario, is no monemental feat. The fact that of those 130,000 people, 80% to 85% choose to live in one urban area, is the reason why there is such a massive construction boom in Toronto. So long as we can keep pace with the Western Provinces combined absolute popluation growth, and there is mandated greenspace, you're gonna see a lot, and taller and bigger residential towers in Toronto.

Alberta population by Year2008: 3,592,200
2009: 3,672,700 (+80,500)
2010: 3,723,800 (+51,100)
2011: 3,778,100 (+54,300)


Toronto CMA population by Year
2008: 5,536,800
2009: 5,638,200 (+101,400)
2010: 5,742,400 (+104,200)
2011: 5,838,800 (+96,400)







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