The Greater Toronto Area spans over 7,000 square kilometers of southern Ontario, encompassing communities as far south as the City of Toronto, as far north as the township of Brock, as far east as the town of Milton and as far west as the lakeside villages of Scugog. Nearly 25% of the population of Canada lives within these borders. That's over 8 million people! And the population is still growing as thousands of new residents arrive each year. What makes the GTA so popular? Why do so many people choose to search for condos for sale in Toronto rather than condos for sale in Halifax or Regina or Victoria?
One of the most commonly cited reasons newcomers choose Greater Toronto is that it's a microcosm of Canada. People who are new to the region, whether they're from overseas or just down the road, feel safe and welcomed. This has resulted in a multicultural tapestry woven together from disparate threads on the streets of Greater Toronto. Just look out the window of your Toronto waterfront condo and you'll see people conversing in some of the region's most commonly spoken languages: English, French, Italian, Chinese, Punjabi, Tagalog, Portuguese, Spanish, and Urdu.
Being welcomed is wonderful, but no one can support themselves just by socializing. When people come to Toronto, they come for one of two reasons: to find a job or to get an education. Toronto and the more than 100,000 companies that operate there account for more than 20% of Canada's GNP. There are jobs in the region for workers in all sectors: finance, banking, high tech, entertainment, industry, even farming. And with 40% of the headquarters offices in Canada located here the average income is high. Luxury condos in Toronto are within the reach of more people than you might think.
Major international post secondary schools in Greater Toronto turn out a large portion of its workforce, so students from all over Canada and abroad are naturally attracted to the region. The massive University of Toronto has programs in everything from theater to medicine. Airline pilots are trained at Seneca College. Ryerson University's engineering program is one of the best in the nation, and aspiring artists are drawn in by the Ontario College of Art and Design and Sheridan College. Few students can afford condos for sale in Toronto while they study, but they're the property owners of the future.
Though Toronto condo sales are indeed high, there are more options for the potential homeowner in Greater Toronto, which is another one of the region's strengths. You can choose from a condo or townhouse in an urban setting, a larger home in a suburban neighborhood, a house in a small town or village, a lakeside vacation cottage, or even a rural farm. With the region's wide-ranging and interconnected public transport system, you even have the option of living in one type of community and working in another. It's this dearth of options that new residents appreciate most.