Toronto continues to impress as Downtown Toronto’s population growth triples, outpacing the rate of growth of the suburbs.
The report can be found here: http://www.td.com/document/PDF/econo...13_toronto.pdf
Article on the report: http://news.nationalpost.com/2013/01...centre-report/
Highlights copied from the report:
• Toronto’s vibrant downtown core has seen a revival of population growth over the last five years,
driven in large part by a growing Echo Boomer segment.
• This highly-skilled, highly-educated, and young population is trading the larger and (relatively) more
affordable housing choices of their parents for proximity to transit, work, and amenities.
• The growing desire to locate downtown has prompted a wave of condo development. An increasing
number of businesses are also acquiring office space in the core in order to be closer to this growing
labour pool. New business creation, employment gains and population growth in the downtown
core are now outpacing that in the surrounding suburbs, reversing a decades-long trend of exactly
• Overall, these trends represent a huge opportunity for the City of Toronto, but it does create challenges.
Notably, the city’s already-strained road and transit infrastructure could face additional pressure.