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ochre real estate management investment services in canada real-estate-development

Real Estate Development

REAL ESTATE DEVELOPMENT. WHAT IS THE TREND OF REAL ESTATE DEVELOPMENT IN TORONTO AND ONTARIO? The Greater Toronto Area witnessed a huge uptrend in the real estate market during the past 5 years: a total of 36% price increase in the past 5 years (at the top of all major cities in Canada) and more than 15,000 new units built annually. The following outlines the main reasons why to the Toronto real estate market performs as it does: • Demographically, Ontario has had tremendous population growth, and more of the same is expected in the future. Ontario’s population is projected to grow by 28% over the next 25 years, from an estimated 13.5 million in July 2012 to almost 17.4 million by 2036. The GTA’s share of the provincial population is projected...
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