The Greater Toronto Area consists of various neighbourhoods within the City of Toronto, but don’t forget about Halton, Peel, York and Durham. All these regions have amalgamated and gained control of a strong and thriving real estate market. The Greater Toronto Area (GTA) represents Canada’s powerhouse with a strong economy, competitive and growing cities that provide an incentive to invest and are connected to the world. Here are top 5 reasons why we think you should invest in the Greater Toronto Area (GTA):
Canada’s business, industrial and financial capital
Price of luxury seems to be record high in the GTA. The region boasts multi-sector strength that stands as it hosts a growing financial hub in North America, being home to Canada’s five major banks, foreign banks and the Toronto Stock Exchange. Toronto itself generates 20% of Canada’s GDP and hosts key sectors such as ICT, Life Sciences, Financial Services, Energy andAdvanced Manufacturing.
A growing region with strong development projects
Growth is happening everywhere in the GTA; the region is connected via an effective and growing network of highways, railways and Canada’s largest airport, Toronto Pearson. The GTA has the largest highway network, and this is being supplemented by a $50 billion program to triple the amount of transit in the region.
Global connection driving prosperity and innovation
GTA welcomes over 100,000 immigrants annually, is home to over 240 ethnic groups, and over 120 languages and major dialects. Home to reputable academic institutions for research and higher-education, the region attracts some of the top international students. The connected talent pool drives economic prosperity and makes diversity critically important to GTA’s continuous growth.
Quality of life, talent and competitive business climate
GTA offers a modern and state-of-the-art quality of life; there’s smaller communities with the balance of a high-traffic multicultural hub. The extensively developed infrastructure offers potential owners or investors one of the most liveable places in the world.
Largest centre of education, research and innovation
GTA provides access to innovative post-secondary programs, with world-leading institutions like University of Toronto, Ryerson University, Humber College, OCAD, Sheridan College, York University, and many more. All these hubs form part of entrepreneurship programs that promote the incubation and acceleration of startup companies looking to build serious businesses. GTA is part of a progressive city with a highly education population focused on fostering success.
Think you’ll invest in the Greater Toronto Area? Team Kaur has many different builders we can introduce you to with special incentives to make your investment worthwhile. Get in touch or subscribe to our mailing list here.