9.2 million: Projected GTA population in 2036

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Growing up
By the numbers
$15 billion: Expected cost of gridlock
per year by 2031 (Board of Trade)
9.2 million: Projected GTA population
in 2036 (Ministry of Finance)
25: Number of urban growth centres in
Greater Golden Horseshoe Region
70% + : Number of people living in buildings of
at least 13 storeys in Toronto and other
intensified areas within the GTA
Average price for 2013
$523,036 up 5.21% from 2012
6.1% annual increase
since 1973
Positive Trends For 2014
•
Recovering Economy
•
Low Interest Rates
•
Toronto Still #1 Destination for
Immigrants and International
Investors
2006 Government of
Canada study of real
estate prices for the
next 30 years.
Assumptions
1. Canadian real estate prices will
continue to increase faster than
inflation.
2. Inflation over the next 30 years
would be no more than 2%.
Conclusion
1. Prices would increase by an
average of 4% for Canada.
2. Toronto and Vancouver prices will
increase by 5%.
Projected Prices to 2036
2500000
2,021,370
2000000
1,521,068
1500000
1,141,484
1000000
500000
351,941
0
Average price for 2013
$523,036 up 5.21% from 2012
6.1% annual increase
since 1973
Toronto VS. The World
Just how expensive—or not—is it to buy a condo in Toronto? The
city sits at No. 15 out of 94 on the Global Property Guide’s
ranking of the World’s Most Expensive Cities, based on average
U.S.-dollar prices per square foot of centrally located
condominiums (assuming a 550 square feet—one-bedroom
unit):
Price in Toronto: $385,000
CHEAP compared to…
Monaco $3,056,270
London $1,194,000
Hong Kong $839,000
Tokyo $658,000
New York $615,000
Toronto’s red-hot condo rental market is
showing no signs of cooling down
 Over the past two years, rents have risen by
more than 10%, equal to an additional $170 per
month or 23 cents per square foot on average.
 Demand for renting condos has heated up with
less first-time buyers. Rental transactions have
exceeded resale volumes in the condo market since
mid-2012
 Investors are increasingly choosing to hold their
units rather than flip them for sale.
Press Release: 2013 by Urbanation Canada’s leading condominium market research company.
The 'Manhattanization' of Toronto

83.4% of people in New York City
live in Condos or Apartment Buildings.
 In Toronto, prices for single
detached homes and townhomes are
projected to go up 30% to 50% in the
next decade.
 Condo living is sure to be the
default housing option for both renters
and buyers alike.