Toronto and the GTA that includes major cities such as Mississauga, Vaughan, Milton, Brampton, Oakville, Hamilton is arguably the best place to buy a home not only in Canada but also the world over. We will explore what are the factors and why it makes sense to invest or buy a home in the GTA.
Business and job opportunities:
For any city to succeed and grow, business and job opportunities plays a pivotal role. Being the largest city in Canada, Toronto is the financial capital of Canada. The city is a magnet to all multinational corporations and almost all major Canadian banks have their headquarters in Toronto. The Toronto Stock Exchange is the world’s seventh-largest stock exchange by market capitalization. Toronto’s unemployment rate was 6.7% as of July 2016. While Toronto is home to major offices, all major manufacturing and Logistics operations are shared by the cities in the GTA. Canada, especially Toronto is going through the best time to invest in real estate, and for those look to invest or make it a permanent home, there is no other better place that living in the Toronto and the GTA area.
GTA is the Technology Hub
Toronto is also the darling of Technolgy based companies making it the country’s centre for technology research and development. An estimated over 185,000 jobs have been created via technology revolution. 14,700+ firms including Google, Facebook and Microsoft, and homegrown successes like Shopify have their offices in the Toronto census metropolitan area and they are planning to expand it further. Yesterday, Google’s firm Sidewalk Labs, won a major contract to build high-tech Quayside neighborhood in Toronto. This is being touted as the Future city and aims to turn a waterfront area into a working laboratory for a range of “smart” technology.
Low Crime rate:
Canada has been deemed as one of the best places to live and Torontonians, as they are called, are known for their humbleness and kind attitude. This is turned Toronto as one of the safest cities with the very low crime rate. You can roam around in the city day and night without worrying about your well being. This gives a sense of security and peace of mind adding another reason to buy a home in Toronto.
Quality of life:
Without a doubt, the quality of life is best in Canada. The lowest minimum wages are set to increase to $15 an hour by Jan. 1, 2019 making it one of the highest hourly paid cities in North America. The inflation rate is 1.2% which makes food and other days to day item affordable.
The seventh edition of the “Cities of Opportunity” report from business consultancy PricewaterhouseCoopers (PwC) names Toronto as world’s third best country.
Toronto ranks 2nd in Americas according to Mercer’s 2016 Quality of Living rankings
Lіkе Amеrіса, Cаnаdа аnd раrtісulаrlу Tоrоntо, іѕ a mеltіng роt оf сulturеѕ. It іѕ a city made up оf many interesting аnd diverse nеіghbоrhооdѕ whеrе crossing ѕtrееtѕ іѕ lіkе stepping frоm оnе соuntrу into аnоthеr. And ѕіnсе Tоrоntо draws it diversity from migrants rаthеr thаn thе sometimes overwhelming аѕресt оf іllеgаl immigration, іntеrnаl grоwth іѕ somewhat ѕlоwеr thаn in America, mеаnіng there іѕ less ѕtrеѕѕ оn thе ѕсhооlѕ, public hеаlth аnd ѕаfеtу ѕуѕtеmѕ.
So if you are still having second thoughts about Toronto, trust the stats and make this place of your abode. Check out our other article on Why Buy a home in Toronto?