From dinner gatherings to doctor visits, at virtually every point in our daily lives, we as REALTORS® find ourselves engaged in casual conversation about whether now is a good time to buy or sell a home.
My response to this question is an unequivocal, “Yes!”
Our city’s cultural and economic diversity are key factors that attract people from around the world, newcomers are also drawn by Toronto’s outstanding international reputation. According to a study released recently by the international research firm GfK, Toronto ranks eighth on an index that measures the image of cities around the world.
A recent report by National Bank Financial noted that as a result of immigration, our country’s population of 22- to 44-year-olds grew in 2012 at its fastest rate in more than two decades, increasing by 1.1 per cent. This demographic decreased everywhere else in the developed world. Representing 55 per cent of all immigrants to Canada, it is a very significant age group, as it includes individuals who, in their prime home buying years, contribute to the demand for housing throughout the Greater Toronto Area.
Based on more than 5,000 interviews with adults around the world, the study gauges such factors as a city’s international status, physical aspects, amenities, affordable accommodations, people, attractions, and economic and educational opportunities.
Toronto’s eighth place finish also represents the most significant move within the report’s top 10 cities, climbing from the 13th spot when the study was previously conducted in 2011.
As Torontonians, we should be extremely proud that our city’s image ranks amongst such world centres as London; Sydney; Paris; New York; Rome; Washington, D.C.; and Los Angeles.
Toronto scored highest with respect to friendliness and safety in this study, ranking second and fourth in the world respectively. I believe that Greater Toronto REALTORS® are an excellent representation of these attributes, as we strive to be our most congenial and courteous while interacting with people from all walks of life on a daily basis.
As REALTORS®, I gain great fulfillment from working cooperatively with other Realtors and from helping our clients realize the dream of home ownership.
Courtsey from President -Toronto Real estate Board
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