According to CIBC World Markets , Toronto is the leading city in Canada in terms of economic performance. This is the second year in a row that Toronto gets this honour. CIBC relies on its Canadian Metropolitan Economic Activity Index to evaluate performance of economies and this year Toronto scored 23.0. That is the highest level in over 10 years!
So despite the economic doom and gloom were are hearing, especially from Europe, Canada remains relatively unscathed and in particular, Toronto. Our housing market has shown remarkable resilience to date as well as our unemployment rate. This can only mean one thing from an immigration perspective: More immigrants will choose Toronto as their immigration destination. Not only is our economy humming, but our crime rate also remains at historic lows.
No better place to raise a family I would say. I am from Toronto, so full disclosure and biases are admitted 🙂
In any event, Toronto’s economic performance is due in part to its talented and hard-working immigrant population. Diversity leads to success, not only culturally but also economically as has been proven time and time again.
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