Why invest in Toronto?

Why Toronto?

Why should somebody invest in property in Toronto? The proud residents of this great city would shout out things like, “It's beautiful!”, “It's the New York City of Canada!”, “We're always near the top of Quality of Life Rankings for a reason!” and, of course, “The Leafs!” And they are right to be proud. Toronto is a world-class metropolis we think all of Canada should be proud of.

As a real estate expert, I see more institutional and robust reasons why investing in Toronto property is strongly recommended. From companies considering commercial locations to individuals and families weighing their housing or investment options, Toronto has to be first on the list for several reasons:

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1. Is Real Estate the Best Investment in Toronto?

Now more than ever, following the great recession that began in late 2008, it is safe to declare investment in real estate as the absolute gold-standard of holdings to have in your investment portfolio in Toronto.

 Toronto is a great example of the benefits of having real estate properties as a majority proportion of your investment holdings. Again referencing the poor performance of all investments during recent economic downturns, we see real estate in Toronto weathering the storm better than the Toronto Stock Exchange.

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2.The Benefits of Diversity in Toronto

It is well known that Toronto is a very diverse and cosmopolitan city. In fact, in 2004 the United Nations ranked it as the second most multicultural city in the world. But it is the diversity in areas other than ethnic and cultural groups that best represents why Toronto is such a phenomenal place to invest in real estate.

Toronto is a mosaic of diverse property types. From the palatial estates of The Bridle Path to the casual coexistence of public housing and upscale brownstones in Cabbagetown. From ultra-modern condominiums in the downtown core to the booming bedroom communities surrounding it. The bottom line for anyone considering investing in real estate is that Toronto offers just about everything you might be looking for.

This holds true for investors looking into commercial property. The many neighbourhoods of Toronto accommodate small and medium sized businesses of all varieties. Also, there is no shortage of space available for commercial enterprises in the bustling and expanding Financial District or the exciting new developments blossoming around the city such as the revitalization of the Toronto Waterfront.

Toronto is also blessed with great diversity in its industries. When a city employs its citizens in a vast and diversified collection of industries, they are much better prepared to handle the bumps and bruises individual sectors inevitably go through. Toronto is such a city. Here you will find large and growing industries that will carry the city safely into the future and branch out to create new and vibrant industries.

  

3. Neighbourhoods in Toronto

One of the fascinating things about Toronto is its collection of neighbourhoods. There are over 200 of these little communities that have their own unique personalities and characteristics. From The Beaches to The Junction, Chinatown to Greektown. Toronto's neighbourhoods are great for tourism and sources of great pride and civic celebration, but more importantly for people looking to invest in real estate, each represents a great advantage Toronto has over other cities: mixed-use communities.

When you have strong and collaborative communities like the many neighbourhoods in Toronto, you inevitably have a collection of very resilient and robust centres. Within these neighbourhoods you see an infrastructure that includes virtually everything a community needs: housing, small businesses, employment, schools, entertainment etc. The point is, when you have neighbourhoods that are tightly woven and successful mixed-use communities, you automatically have places ready to face the factors that can negatively affect property values. This includes economic dips – in a mixed-use community, economic storms affect some more than others, but the others keep the ship afloat.

 

4. The Future Looks Bright for Toronto

Perhaps most importantly for people considering investing in Toronto real estate, all signs point to long-term sustained growth in property value and economic prosperity in general. There are two main reasons to back up this claim: developing economies and taxes.

The 2011 Knight Wealth Report, the definitive resource for tracking economic trends in the cities of the world, has discovered a fascinating development in the “patterns of affluence” forming in the 21st century. It is clear that most of the growth in wealth is now occurring in developing economies, particularly India and China. And of the world cities where the report sees future growth in investment opportunities, and influence on global business leaders and the political elite, there are only two from North America: San Francisco and Toronto.

The report reads, “it appears to be those cities with most appeal to Asian investors that are seeing improving fortunes.” Of course, Toronto is and will continue to be, one of these cities; a very positive trend for those investing in Toronto property. Growth is good.

The other thing Toronto has up its sleeves to aid continued economic growth is its corporate taxes. Tax on business profits for Toronto's businesses will fall from 14% (2009) to 10% by 2013. Ontario is becoming one of the best tax regimes in the world for encouraging new business investment. Marginal tax rates on new investment will fall from 32% (2009) to 16.2% by 2018, well below the OECD average (ICP 2009).*

In short, these two important realities about the state of the world in the years to come, tells us that investment in Toronto real estate properties is a good investment indeed.

*Data from InvestToronto

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Latoya Wallace

Latoya Wallace

Real Estate Broker
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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Communities

Cities
Toronto

Toronto is the provincial capital of Ontario, and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. ...

Mississauga

Mississauga, incorporated in 1968, is a city in Southern Ontario located in the Regional Municipality of Peel, and in the western part of the Greater Toronto ...

Brampton

Brampton is the third-largest real estate hub in the Greater Toronto Area of Ontario, Canada and the seat of Peel Region. As of the 2016 census, ...

Neighbourhoods
Unionville

Unionville is a suburban village in Markham, Ontario, Canada. It is located 33 km northeast of downtown Toronto and 4 km east of southern Richmond ...

Midtown Toronto

Midtown Toronto is an area of Toronto, Canada roughly defined as the area north of Bloor Street (south of which is Downtown Toronto) and south of Lawrence ...

Milliken

Milliken or Milliken Mills is a neighbourhood in the city of Toronto. It is located in the North East section of Scarborough and South East section of ...

East Oakville

Southeast Oakville is defined as south of the Q.E.W, west of Winston Churchill, and east of Dorval Drive. It includes the neighbourhoods of Clearview (Sherwood ...

West Oakville

West Oakville is a mature area built primarily in the 60’s & 70’s and features many bungalow, side and back split home designs. The area ...

Agincourt

Agincourt is a very diverse neighbourhood in Scarborough, Toronto, Ontario, Canada. It is centred along Sheppard Avenue between Kennedy and Markham Roads ...

Bronte

Bronte is the area south of Rebecca Street, west of Third Line and east of Shell Park. This area features the trendy Bronte Village with a number of shops, ...

North Oakville East

Well designed neighbourhoods, efficient use of existing land and flexible transportation options will make North Oakville East & West a more livable and ...

Liberty Village

Liberty Village is a neighbourhood in Toronto, Ontario, Canada. It is bounded at the north by King Street West, the west by Dufferin Street, the south ...

Westmount

Located north of Upper Middle Road, south of Dundas Street, east of Bronte Rd. and west of Third Line. This neighbourhood has housing that is perfect for ...

Cornell

Cornell was conceived in the 1990s planning process by the Town of Markham. Unlike other Markham communities, Cornell is a planned community. Cornell's ...

Raymerville

Raymerville is situated between McCowan Road and Peter Street, north of Bullock Drive and south of 16th Avenue. It is a long road that forms a loop peppered ...

River Oaks

The River Oaks area is bordered by the 16 mile creek to the west, Upper Middle Road to the south, Dundas Street to the north and Trafalgar to the east. ...

Wismer Commons

Wismer Commons is a newly developed residential area in Markham and is located just east of Berczy Village, north of 16th Avenue and west of Highway ...

Berczy Village

Berczy Village (pronounced /'b?rzi/) is a residential community located in Markham, Ontario, Canada. It is bounded to the north by Major Mackenzie Drive, ...

Wedgewood Creek

Located north of Upper Middle Road, south of Dundas Street, east of Trafalgar and west of 8th. This neighbourhood was started in the mid to late 1980's ...

Greensborough

Greensborough  is a community in the Town of Markham in the Canadian province of Ontario. Greensborough is one of the easternmost communities in ...

Bronte Creek

The Bronte Creek  neighbourhood is bordered by Bronte Road to the east, Dundas Street to the north, Upper Middle Road to the south and Bronte ...

Wexford

Wexford is a neighbourhood in Toronto, Ontario, Canada. It is located in the eastern part of the city, on the western end of the district of Scarborough, ...

The Beaches

The Beaches (also known as "The Beach") is a neighbourhood and popular tourist destination located in Toronto, Ontario, Canada. It is located ...

Riverdale

Riverdale is a large neighbourhood in Toronto, Ontario, Canada. It is bounded by the Don River Valley to the west, Danforth Avenue and Greektown to the ...

Streetsville

The Village in the City, charming Streetsville is nestled on the banks of the Credit River just north of the 403. Prices in Streetsville in 2013 range ...

Angus Glen

Angus Glen is a community in the north part of Markham, Ontario, Canada, and is part of Unionville. The area was originally farmland, but as the land south ...

Bronte Creek

This neighbourhood is bordered by Bronte Road to the east, Dundas Street to the north, Upper Middle Road to the south and Bronte Creek Provincial Park ...

Joshua Creek

Joshua Creek is one of the most affluent neighbourhoods in Canada and boasts the highest average household income country wide. The area is located ...

College Park

Oakville's College Park is located between Sixteen Mile Creek and just east of Trafalgar Road, from the Queen Elizabeth Way Highway north to Upper ...

Bathurst Manor

Bathurst Manor is a neighbourhood in north-central Toronto, Ontario, Canada. It sits on a plateau bounded on the north by Steeles Avenue West, on the west ...

Etobicoke

Located just to the west of Toronto on Lake Ontario, Etobicoke has quick access to the city.  Toronto is accessible by subway, streetcar and highway.  ...

Alderwood

Alderwood is a neighbourhood in the city of Toronto, Ontario, Canada. It is in the western section of Toronto, formerly the city of Etobicoke. It is bounded ...

Box Grove

Box Grove is a prestigous village community at the Eastern edge of Markham, where 9th Line meets 14th Avenue. First settled in 1815 by William Beebe ...

Glen Abbey

Glen Abbey is located north of the QEW, south of Uppermiddle, west of the 16 Mile Creek and east of Bronte Road. Started in the early 1980's and basically ...

Upper Beaches

The Upper Beaches is a rather recently coined name for the neighbourhood directly north of the Beaches area in Toronto, Ontario, Canada. It stretches from ...

Forest Hill south

Forest Hill is an affluent neighbourhood in central Toronto, Ontario, Canada. Along with Rosedale, and The Bridle Path, it is one of Toronto’s three ...

Woodbine North

Woodbine Avenue is presently six lanes from Steeles Avenue to Highway 7, and four lanes between Highway 7 and Major Mackenzie Drive, plus there is a centre ...

Oak Ridges

Oak Ridges is an unincorporated community in Ontario, Canada, and has been part of Richmond Hill's administrative area since its annexation in 1971. Although ...

Forest Hill North

Forest Hill is an affluent neighbourhood in central Toronto, Ontario, Canada. Along with Rosedale, and The Bridle Path, it is one of Toronto’s three ...

Falgarwood

Falgarwood is a mature area with most of the homes up to 50 years old. The streets are tree lined and the lots are generously sized for the most part. ...

The Kingsway

The Kingsway, known also as Kingsway South is a residential neighbourhood of Toronto, Ontario, Canada. It is located in the former City of Etobicoke, an ...

Legacy

Legacy is one of the areas located in Markham, Ontario. It is surrounded by Boxgrove to the east and Rouge Fairways to the West and South. Legacy consists ...

Stonegate

Brampton is the third-largest city in the Greater Toronto Area of Ontario, Canada and the seat of Peel Region. As of the 2006 census, Brampton's ...

Clearview

 The Neighbourhood of Clearview is bordered to the North by QEW, to the East by Winston Churchill to the South by Royal Windsor Dr. and to the ...

Bridle Path

Bridle Path is an upscale residential neighbourhood in the former city of North York, now part of Toronto, Ontario, that is characterized by large multi-million ...

Algonquin Island

The Toronto Islands are a chain of small islands in the city of Toronto, Canada. They are located in Lake Ontario just offshore from the city centre, and ...

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