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Why invest in the GTA?

October 22, 2022

Why should we invest in the GTA (Greater Toronto Area)?

Overall Growth

  • +5% Job growth (Ontario.ca)
  • The fastest growing region in ON (Ontario.ca)

Condo Market

  • +17% average resale condo price increase year per year (TRREB record GTA Homes Sales and Average Price in 2021)
  • +43% average increase in condo sales year per year (TRREB Market Stats Quick Overview Q4 2020-21)
  • +15% average increase in condo rental price (Based on TRREB Rental Market Report Q4 2021 Average for Studio, 1B, 2B, and 3B)

Population growth in the GTA

  • By 2046, the city’s population will gain another 2.9 Million people, an increase of 41.3% (Based on Ontario Population Projects 2021-2046)
  • 18.3% Growth in Mississauga (Based on Region of Peel Demographics and Housing Population Estimates)
  • 27.9% Growth in Peel Region (Based on Toronto & Toronto Region)
  • 21.7% Growth in the City of Toronto (Based on 2021 Toronto’s Population)

The Labour Market & Economic Growth

  • 63.1% The Greater Toronto Area experienced the highest growth rate (8.4%) in 2022. (Ontario.ca/document/ontario-employment-reports/april-june2022)
  • Top 5 Industries by Employment (2019)
    • 14.9% wholesale and retail trade
    • 11.9% professional, scientific and technical services
    • 10.8% health care and social assistance
    • 10.7% financial, insurance, real estate, and rental services
    • 9.3% Manufacturing

Price Increase of Dollar per Square Foot year over year since 2020.

  • $828 Condo Price/Sqft. in 2020
  • $933 or 12.7% Condo Price/Sqft. in 2021
  • $1,2533 or 34.3% Condo Price/Sqft. in 2022

West-End Growth

  • New Bristol LRT Station, Located next to the Centre of Mississauga, connects to Port Credit (Hurontario LRT, City of Mississauga)
  • Innovation District will bring 9,000 jobs to Mississauga (Blog TO)
  • Mississauga to host 2022 Skate Canada International (InSauga)
  • GYGO ! to replace old Playdium Park at Square One (Blog TO)
  • Mississauga attracts leading global tech companies to set up operations, creating hundreds of jobs (InSauga; Global Tech Company Expands Operations in Ontario, ontario.ca)
  • Mississauga Launches new IDEA Innovation identity and solidifies position as a global leader in innovation (City of Mississauga)

Invest in the GTA and Outside to grow your return.