July 21, 2022

A stable market, profitable which guarantees noticeable returns. Here’s why Toronto is the best place to invest in real estate in Canada

Although one might say it is a cliché, one of the integral and perpetual principles of real estate is “location, location, location”. Whether you’re looking for the best place to invest in real estate in Canada in 2022 or the best place to invest in real estate in Ontario for 2022 — there is only one answer for you, and that Toronto!

One of the best investment moves anyone can make which is still a preferred approach to protect and provide for you and your family’s future is investing in Canadian real estate. Since investments are usually long-term, it’s important to look at what the market is like currently and what impact the trends we’re seeing today will have 20 years from now. This is an essential strategy we use to help our investors choose the location of their next investment property.


Why Toronto Is The Best Place to Invest in Real Estate in Canada 2022


One constantly asked question is “Where is the best place to invest in real estate in Canada?” over 50% of our clients are investors looking to make money through investing in the Canadian real estate market. Although the exact location differs on an on-going basis, our answer always remains the same, Toronto is the best place to invest in real estate in Canada.

We have clients from all around the world asking us to help them make investment moves wisely in the Toronto real estate market. But what’s so great about the city.

Here are just a couple of reasons why beyond a shadow of a doubt, Toronto has been and will be the best place to invest in real estate in Canada in 2022.





The Toronto Real Estate Market is Stable


Toronto has been undoubtedly one of the most stable real estate markets around the globe and one of the best Canadian cities to make real estate investments. Even when considering the times of uncertainty we are through, such as the current state of the COVID-19 crisis or the different stress test regulations, we strongly believe in its long-term growth potential as Toronto has remained fairly insulated. Hard and fast lending guidelines, low delinquency rate, record immigration and a growing population are among a few of the reasons that the Toronto market is so stable.


1. Strict Lending Guidelines – invest in real estate in Canada

Another reason is because Toronto property owners are very well-funded. Canada’s stringent lending guidelines only allow very qualified people to purchase property. They have to jump through a number of safeguards before a bank will lend them money —The government has also added the stress test as one more precaution just to ensure buyers can actually afford the homes they purchase as interest rates rise.

The stress test was triggered in 2017 as a strategy to cool down the market overtime and, acts as a minimum threshold within which buyers can apply for a home in Canada. Today, the stress test has led to a decrease in purchasing power by an average of five percent. James Laird, co-founder of rate comparison website, shared his views on the current state of the market and how the stress test looks in real estate today:

“What the policy-makers meant to do was to slow down the rapid rise in home prices that we’re seeing across the country.” he told CBC News. “In the long run, it actually makes it possibly easier for first-time homebuyers to enter, so maybe you could call it neutral.”


2. Growing Population


Canada is the fastest growing country in the G7 and Toronto has more than twice as much proportion of recent immigrants (8.4%) as Canada (3.5%) has with approximately two million more expected by 2023.


3.Extremely Low Delinquency Levels

Torontonians are extremely well funded. Delinquency levels — mortgages left unpaid for 60 days or more — are considerably low. This means there are very few people defaulting on their mortgages. With the most recent implementation of the Stress Test for all buyers, this trend is expected to continue and is just another reason why Toronto is one of the best places to invest in real estate in Canada.


4.Immigration in Toronto

Already one of the most multicultural urban areas in the world, Toronto`s  population is one of the fastest growing in Canada as migrants from all around the world are immigrating to Toronto each year.

Immigrants remind us that we should appreciate our city more than we actually do. We have the opportunity of living in a residential area near the big city, a low crime rate, an amazing multicultural population, a strong economic hub, great cuisine and entertainment, government stability and an abundant amount of job opportunities.


Toronto is a World Class City & Major Tech Hub


The Toronto real estate market is one of the fastest growing in Canada thanks to its increasing population and boosted international profile. Toronto is also Canada’s “tech hub” and has received the title of Silicon Valley of the North.

According to Robert Half Technology, the tech employment rate in Canada is growing four times faster than the overall employment rate in Canada. This tech job growth is most prevalent here in Toronto which recently ranked highest in Canada for tech jobs. Toronto’s commercial real estate market has attracted several high-profile tech companies in the past year including Uber, LG Electronics, and Microsoft.

Big tech companies are investing highly in Toronto’s future and hiring very skilled workers that are specialized in their field. One of the major developments coming to Toronto’s east end — and brining with it 70,000 tech jobs — is the East Harbour development. In turn, this adds to the demand for real estate in the city. There’s a need now more than ever for real estate investors to bring condo rentals to the market.


Price Growth in Toronto will continue due to Toronto`s Transit Plan

while there are numerous reasons  why you should invest in the Toronto real estate, our planned transit infrastructure is just one of them. With four upcoming projects that are set to bring profit to investors, it will also highly impact the Toronto real estate market immensely.

Of course, more rise in prices in locations near transit lines is expected. The areas set to become more accessible by transit have already begun to see higher resale price growth.

Here are the 4 major transit projects the city of Toronto is looking forward to:


1. Eglinton Crosstown LRT

The Eglinton Crosstown LRT Transit line is currently under construction and is expected to be completed by 2023. The 19 kilometre stretch along Eglinton between Weston Road and Kennedy Station will have 25 stops, ten of which will be underground.


2. SmartTrack

With an estimated completion date of 2025, SmartTrack will utilize the current Metrolinx Go network for more frequent service. The six new stops will be at:

  • St. Clair & Old Weston
  • King & Liberty
  • East Harbour
  • Gerrard & Carlaw
  • Lawrence & Kennedy
  • Finch & Kennedy


3. Relief Line South – invest in real estate in Canada

The Subway Relief Line South is a 7.5 kilometre subway addition connecting Line 2’s Pape Station and will run through Leslieville before heading west to connect to Line 1’s Queen and Osgoode Stations.

The new proposed stations will be at Gerrard and Carlaw, Carlaw and Queen, East Harbour, Sumach and King, Sherbourne and Queen before passing through Line 1 along Queen.




4. Waterfront Transit Line – invest in real estate in Canada

The city has been working on reconnecting Toronto with its waterfront by rerouting the Gardiner Expressway and opening up the waterfront area to allow for better use of the land below. There will also be a four-phase transit reset which will connect Woodbine Beach to Long Branch servicing the waterfront area that is home to so many cultural and recreational events.

The Waterfront Transit Line is still in the early stages but the improved waterfront LRT system will connect to Woodbine Beach, East Harbour, Union Station, Exhibition Place and Long Branch.


The Time To Invest in Toronto Real Estate Is Now

So, is it a good time to be investing in Canadian real estate? Absolutely! Especially if you invest in Toronto real estate — one of the fastest growing real estate markets in Canada. From its promising real estate market, to it’s growing population, depth of opportunity transit infrastructure gold mine, Toronto is surely the best place to invest in real estate in Canada, no questions asked.

Toronto remains the next best place to get into real estate investment as a world class city with so many future developments and a strong and stable market,


And remember, if you’re looking for the ‘perfect’ time for buying an investment property in Toronto, it’s never going to come. But if you’re looking for a healthy, stable market to invest in with great growth potential then the Toronto condo market is yours to invest and primed for profit. If you are a potential investor looking to make profit in the Toronto real estate market then INGOREX Real Estate Group is your number one choice to provide you with professional real estate services.


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