And, both regions experienced a loss in resident population to other areas, but the rate was four times faster in New York. Therefore, the report compares population growth in metropolitan areas and major central cities in Canada in with those south of the border. Toronto is now the fastest growing metropolitan area in all of North America.
From a metropolitan perspective, the entire Greater Toronto Area grew by , people during this period, second only to the Dallas-Fort Worth-Arlington area in Texas, which grew by , people. Population growth is an important factor when it comes to livability, often an indicator of a bright future.
Meanwhile, population decrease can be a sign of negative conditions such as low employment opportunities, vacant or neglected housing, and a city in decline. On the flip-side, Toronto left something to be desired when it came to housing affordability and housing supply — factors that are directly impacted by a rapidly growing population.
But a May 12 report from The Conference Board of Canada estimates the number of people coming into the region will drop to 65, due to the pandemic in When Ainsley's not writing about real estate, local developments, and beautiful homes she wished she lived in, you can usually find her exploring Toronto, cooking, doing at-home workouts, or hanging with her cat, Jerry Seinfeld.
Written By Ainsley Smith. More From Author.
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