Toronto's Population Growth Supports the Condo Boom

Toronto’s population growth supports Condo Construction:


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Toronto’s population growth is supporting further construction growth, as Toronto receives some 100,000 new people and residents a year.  So while Toronto’s Growth in percentage terms is less than Calgary’s or Edmonton’s Growth, we are growing into a huge city in absolute numbers. Where as Montreal in the 1960’s had to watch and ensure Toronto did not pass it in population, Toronto now has no such concern. Toronto is so far ahead of the second city (Montreal) and we are growing so much faster than Montreal, we likely will never be overtaken in population by any city in Canada for at least 100 and even then its only getting interesting.  Toronto can support huge condo projects right now, and in the future, the money is flowing in, the talk of a condo bubble increases, however nothing occurs. 

Toronto's economy  while not growing as fast as Alberta and the Western Regions of Canada still remains a highly productive place on a regional basis, with high value industries related to Auto Manufacturing, Banking and Financing, and Telecommunications. Toronto's local economy is so good in fact, that American retailers are fighting tooth and nail for mall space in our most prestigious malls, the Toronto Eaton Centre, and Yorkdale. And both malls have recently added additional capacity to deal with the demand for retail space.