Real Estate

Toronto is now the fastest growing city in North America

  • Last Updated:
  • Jun 15th, 2020 11:03 am
61 replies
[OP]
Deal Fanatic
Feb 22, 2011
7164 posts
7544 upvotes
Toronto
Isostar wrote: LOL, CIC saying we need more immigration.... What a surprise....
Okay, how about Canada’s Immigration Minister Marco Mendicino “Immigration will absolutely be key to our success and our economic recovery.” He also stated, “We continue to rely on immigration, it will be an economic driver, and this will be the North Star of our policy going forward.”

https://spscanada.com/blog/canadian-imm ... r-covid-19
Deal Fanatic
Feb 9, 2009
9176 posts
6740 upvotes
Isostar wrote: LOL, CIC saying we need more immigration.... What a surprise....
Are you planning on having lots of babies so we can keep up with the birth rate so they can pay for all the freebies everyone wants? You get money and you get money and you get money
Jr. Member
Oct 10, 2009
107 posts
45 upvotes
Toronto
mazerbeaner wrote: Okay, how about Canada’s Immigration Minister Marco Mendicino “Immigration will absolutely be key to our success and our economic recovery.” He also stated, “We continue to rely on immigration, it will be an economic driver, and this will be the North Star of our policy going forward.”

https://spscanada.com/blog/canadian-imm ... r-covid-19
It's not a bad plan. Get in young educated immigrants who will produce GDP right away. Pick from the best, don't have worry about have the first 20 years of upkeep.
[OP]
Deal Fanatic
Feb 22, 2011
7164 posts
7544 upvotes
Toronto
alexinvestor wrote: It's not a bad plan. Get in young educated immigrants who will produce GDP. Pick from the best, don't have worry about have the first 20 years of upkeep.
It also has the added effect of increasing demand in the long term for housing, 35% of new immigrants pick Toronto and they greatly prefer RE investments over stocks per CRA data.
Deal Fanatic
Feb 9, 2009
9176 posts
6740 upvotes
mazerbeaner wrote: It also has the added effect of increasing demand in the long term for housing, 35% of new immigrants pick Toronto and they greatly prefer RE investments over stocks per CRA data.
Yep Asians (both Chinese and Indians especially) love real estate. Bears here are so frustrated lol.
Member
Jan 5, 2020
418 posts
442 upvotes
Not a good trend...

If you look at figure 3, domestic migration is negative which is offset by a higher positive international migration.

Seems like population growth is Toronto will slow down....but hopefully not like New York where net growth is negative.
Penalty Box
Feb 29, 2008
12011 posts
7135 upvotes
mazerbeaner wrote: It also has the added effect of increasing demand in the long term for housing, 35% of new immigrants pick Toronto and they greatly prefer RE investments over stocks per CRA data.
Toronto and Vancouver. We desperately need a few other cities to take off. If not, bears thought housing was too expensive now? Just you wait. Need Ottawa, Montreal, Hamilton, etc to become much bigger destinations. Calgary and Edmonton would be nice but too damn cold. The US just has so many other options so NYC, Boston, SF are very expensive, there are still many big cities with a lower cost of living that can offer all of what the top cities can. We don't really have that in Canada. It's Toronto or Vancouver.
Deal Addict
User avatar
Jul 8, 2010
1371 posts
1068 upvotes
Ontario
mazerbeaner wrote: It also has the added effect of increasing demand in the long term for housing, 35% of new immigrants pick Toronto and they greatly prefer RE investments over stocks per CRA data.
And here we go again, everything is about RE price and demand in TO, nothing else.... to be honest, that should not be a suprise having in mind we are on RE subforum.

Idea is, bringing hundreds of thounsands of immigrants every year while unemployment rate is in double digit will create more issues than help. Maybe that was the case last year, when "theoretical" economy was up and running, but 2020 has a different story.
Based on history of posters in this forum, only a handfull are immigrants and know all hurdles in process, especially after landing in CA. And they are not the ones pumping up the process, maybe they know what they know?!?. While immigration is required long term, it has to based on some economic logic (and RE demand in TO is not a good reason , expect for few pumpers here).
alexinvestor wrote: It's not a bad plan. Get in young educated immigrants who will produce GDP right away. Pick from the best, don't have worry about have the first 20 years of upkeep.
What you want and what is happening are 2 different things... just look at statistics on how's immigrating to Canada, you will have big surprises...
[OP]
Deal Fanatic
Feb 22, 2011
7164 posts
7544 upvotes
Toronto
Isostar wrote: And here we go again, everything is about RE price and demand in TO, nothing else.... to be honest, that should not be a suprise having in mind we are on RE subforum.

Idea is, bringing hundreds of thounsands of immigrants every year while unemployment rate is in double digit will create more issues than help. Maybe that was the case last year, when "theoretical" economy was up and running, but 2020 has a different story.
Based on history of posters in this forum, only a handfull are immigrants and know all hurdles in process, especially after landing in CA. And they are not the ones pumping up the process, maybe they know what they know?!?. While immigration is required long term, it has to based on some economic logic (and RE demand in TO is not a good reason , expect for few pumpers here).


What you want and what is happening are 2 different things... just look at statistics on how's immigrating to Canada, you will have big surprises...
Bro what did you expect when you went to a REAL ESTATE forum. Obviously everything is going to be about RE.

Also how tf is the amount of people living in a city not directly related to housing.
Member
Jul 15, 2019
334 posts
230 upvotes
Immigration policies in Canada were a driving factor behind why Canada did so well during the 2008 crash. It will continue to be a big driving factor behind Canada's economy, especially since Canada's birthing rate is abysmal.
Deal Addict
User avatar
Jul 8, 2010
1371 posts
1068 upvotes
Ontario
mazerbeaner wrote: Bro what did you expect when you went to a REAL ESTATE forum. Obviously everything is going to be about RE.

Also how tf is the amount of people living in a city not directly related to housing.
I thought we have a real discussion, but i see all is RE and nothing else. Nevermind... Let's have higher immigration, we need RE prices higher than HK...
Member
Jul 15, 2019
334 posts
230 upvotes
Isostar wrote: I thought we have a real discussion, but i see all is RE and nothing else. Nevermind... Let's have higher immigration, we need RE prices higher than HK...
You do understand right, that Canada without immigration is not really Canada... With the current western culture trend of having 1 or no kids, immigration becomes our saving grace.

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