TOP 10 MOST EXPENSIVE CITIES IN THE WORLDBy CondoWong Saturday June 15, 2019
Do you agree that Toronto real estate is getting expensive?
Prices doubled in less than 10 years.
But how expensive are we compared to the rest of the world?
I’m going to share with you, results from the latest research by CBRE, the top ten most expensive housing markets in the world.
The average property price is CAD $835,790, that’s a 9.1% increase from the previous year.
So where's Toronto?
Let’s see how CBRE describes Toronto as a city.
Toronto is Canada’s largest city by population and a centre for business, finance, arts and culture.
In a century when most developed countries will see their population decline, Canada will see population growth that continues to lead the G7. Toronto is forecast to account for 28% of this growth. Toronto’s favourable growth trajectory is underpinned by a diverse economy, ambitious infrastructure projects and the city being a destination of choice for international immigration.
In fact, based on the urban research results released by Ryerson University earlier this month, Toronto is the fastest growing city in the entire North America.
I definitely see a lot of energy and exciting opportunities in the city of Toronto.
I don’t have a crystal ball, but if you ask me, I’m still very confident in Toronto real estate and will continue to invest in this market myself.
Let’s watch this video in 5 years’ time and see if I gave my right vote of confidence.
If you too, are confident on Toronto's growth, you can schedule a call with me.