Toronto

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Toronto’s real estate market is similar to that of Vancouver, over priced and currently growing at a strong rate. Since 2000 Vancouver has surpassed Toronto as being the most expensive real estate in Canada, but Toronto is still very expensive. Condos near downtown Toronto are $200,000+ for a one bedroom, and townhouses are usually in the upper $300,000. If a single family home is more to your liking then you should be prepared for six figures close to downtown. Of course that same house would cost you $200,000 in Saskatoon.

Toronto is Canada’s largest city and the provincial capital of Ontario. The city is located on the northwestern shore of Lake Ontario. Toronto has a population of about 2,500,000 and its census metropolitan area (CMA) had a population of about 5,100,000 at the 2006 Canadian census. Toronto is the economic centre of the Greater Golden Horseshoe, a large urbanized region of 8.1 million people, spreading outwards from the western shores of Lake Ontario.

As Canada's economic capital and a major global city, Toronto has highly developed finance, business services, telecommunications, aerospace, transportation, media, arts, film, television production, publishing, software production, medical research, education, tourism and sports industries. The city is home to a majority of the country's corporate headquarters and transnational corporate offices as well as the Toronto Stock Exchange, the world's seventh largest stock exchange.

Toronto hosts top professional teams, including the Maple Leafs, Toronto Raptors, Toronto Blue Jays, and the Toronto Argonauts. Defining the Toronto skyline is the CN Tower, the world's tallest freestanding structure. The city is also an important international cultural player with many world-class museums, galleries, performance venues and festivals. Toronto's population is cosmopolitan and international, which reflects its role as a major destination for immigrants to Canada. Because of its low crime rates, clean environment and generally high standard of living, Toronto is consistently rated one of the world's most livable cities.

The City of Toronto encompasses a geographical area formerly administered by six separate municipalities. These municipalities have each developed a distinct history and identity over the years, and their names remain in common use among Torontonians. Throughout the city there exist hundreds of small neighbourhoods. Former Municipalities: East York, Etobicoke, North York, Old Toronto, Scarborough, York.

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Statistics and information courtesy of StatsCan and Wikipedia.