We invest in real estate located in Ontario, within a two hour drive of Toronto, for several reasons:
1) Toronto is Canada's largest city. It is the fourth largest city in North America after Mexico City, New York, and Los Angeles and just ahead of Chicago. Toronto is home to an ethnically diverse population of about 2.8 million people. All those people drive the need for houses and condominiums and offices. And every year the city grows, driving that need higher and higher.
2) Toronto is a global centre for business, finance, arts and culture. It is consistently ranked on any reputable list as one of the world's most livable cities.
3) Population growth: Canada is one of the most welcoming countries in the world to immigrants, accepting approximately 300,000 new Canadians a year. The government’s policy focuses on accepting immigrants with skills that Canada needs or with money to invest to stimulate the economy. 43% of those immigrants settle in the Greater Toronto Area every year, meaning that Toronto’s population increases by more than 100,000 people every year. This drives demand for both residential and commercial real estate and demographic trends strongly suggest that such demand will remain robust.
4) Toronto is Canada's financial and business capital. Rated as one of the top four global cities with economic clout and topping the North American Cities of the Future list behind only New York, Toronto is a dynamic, diverse, rising city that provides the ideal business environment for companies looking for a competitive edge.
5) One-quarter of Canada’s population is located within 160 km (100 miles) of the city and more than 60 per cent of the population of the USA - almost 200 million people - is within a 90-minute flight.
6) Toronto is one of the most livable and competitive cities in the world as demonstrated by various international rankings and report. Toronto's more than 89,800 businesses choose from a large, highly skilled, multilingual workforce of 1.4 million people – one sixth of the country's workforce.
7) 64 per cent of Toronto residents between the ages of 25 and 64 have a post-secondary education, and Toronto boasts five universities and four colleges with a total of 223,000 students.
8) Canadian banks have been ranked the world’s soundest for six years in a row by the World Economic Forum.
9) The City of Toronto's economy comprises 10 per cent of Canada’s GDP, with Toronto's GDP topping $157.3 billion in 2013.
10) Toronto has been ranked by KPMG as the world’s most tax-competitive major city.
Because of Toronto’s many advantages, Toronto’s commercial real estate sector has attracted significant worldwide investment particularly from the United States, Great Britain, Israel and Germany.