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From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
The demographics of Toronto, Ontario, Canada make Toronto one of the most multicultural and multiracial cities in the world. In 2021, 57.0 percent of the residents of the metropolitan area belonged to a visible minority group, compared with 51.4 percent in 2016, and 13.6 percent in 1981.
Toronto is an international centre for business and finance. Generally considered the financial and industrial capital of Canada, Toronto has a high concentration of banks and brokerage firms on Bay Street in the Financial District. The Toronto Stock Exchange is the world's seventh-largest stock exchange by market capitalization. [167]
The most affordable markets are Saint John, St. John's, Regina, Quebec City and Halifax, while the least affordable markets are Vancouver, Toronto, and Victoria. Statistics Canada reported that, while Canada's "real gross domestic product (GDP) per capita increased by roughly 50% between 1980 and 2005," and the workforce increased educational ...
Counting down Toronto's 10 most expensive condos as the rest of the real estate market cools.
This is a list of the census metropolitan areas and agglomerations in Canada by population, using data from the 2021 Canadian census and the 2016 Canadian census. [1] Each entry is identified as a census metropolitan area (CMA) or a census agglomeration (CA) as defined by Statistics Canada.
Approximately 2.4 million Canadians are living below Canada's Official Poverty Line, based on 2020 income tax returns. [4] [7] While the results were encouraging, the ESDC minister cautioned that the 2020 Canadian Income Survey needs to be contextualized against the backdrop of "unprecedented and temporary government income support measures". [10]
The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]