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Toronto still one of the fastest growing cities in North America – even with the impact of COVID-19

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Toronto still one of the fastest growing cities in North America – even with the impact of COVID-19

Toronto was the fastest growing metropolitan area in Canada and the U.S. last year, overtaking Dallas-Fort Worth Arlington, Tex., according to new data from the Centre for Urban Research and Land Development (CUR) at Ryerson University.

Downtown Toronto
Photo: Wayne Karl

And even though Toronto will take a hit as a result of COVID-19, it is still expected to be one of the top cities in North America.

Toronto was the only Canadian metropolitan area in the top five; Montreal was sixth and Vancouver twelfth.

Metro Toronto grew by 127,575 persons in 2019, outpacing Dallas-Fort Worth Arlington, which grew by 117,380 persons, to become the fastest growing metropolitan area in all of the U.S. and Canada.

Short-term impact

The research for this latest report was conducted prior to COVID, covering the period of July 2018 to July 2019, so the results are likely to change over the next year, CUR says.

“COVID is estimated to drop immigration (to Toronto) by half this year,” Diana Petramala, senior CUR researcher told Condo Life. “Therefore, this will likely push Toronto down the list of fastest growing cities.

“Toronto’s main strength is immigration, whereas places like Dallas are benefiting from millennials leaving more expensive areas like New York. Toronto, however, will continue to do better than New York, Chicago and Los Angeles – areas that are seeing large outflows of millennials in search of more affordable housing and jobs.”

The impact of COVID in Toronto will be short term, Petramala adds. “Immigration is still allowed, so as other countries move out of lockdown and processing offices open up and airlines start flying again, you will like see a snap back in immigration.”

Outpacing New York

Toronto, in fact, had almost three times the population growth from immigration as New York in 2019. Both regions experienced a loss in resident population to other areas (domestic net migration), but the rate was four times faster in New York.

In terms of population growth on a city basis, as opposed to the metropolitan area (GTA), Toronto (45,742 persons) and Montreal (31,565) represented the two fastest growing cities in all of the U.S. and Canada over the study period. Overall, Canadian cities represented 11 of the top 20 central cities in the U.S. and Canada in population growth, with Calgary, Ottawa and Edmonton placing fourth, fifth and sixth, respectively.

While the city of Toronto’s population grew by 45,742, New York City’s decreased by 53,264.


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eNewsletter May2017 - Celebrity - Don Rickles

Don Rickles’ Malibu beach house priced at $8 million plus

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Don Rickles’ Malibu beach house priced at $8 million plus

After decades of abrasive stand-up comedy, acting roles in both comedy and drama movies, and contributing to making the Toy Story films huge box office successes as Mr. Potato Head, Don Rickles left the world stage at age of 90 when he passed away on April 6, 2017 at his home in Los Angeles.

Known as the King of Insult Comics and the Merchant of Venom — and one of Hollywood’s last old-guard stars — Rickles was a regular guest on late-night TV talk shows and nightclub tours that were scheduled into 2018.

Rickles drew a comparison of the feeling he got when going on stage to that of a fighter. “The bell rings and you come out and fight. My energy comes alive. And I still enjoy it,” he was quoted as saying.

Rickles put his charming beach house in the celebrity-studded enclave of Point Dume in Malibu, California, on the market shortly before his death.

From a barren-topped promontory jutting out into the Pacific Ocean at the end of Santa Monica Bay in the 1930s, to the lushly planted oasis of beach mansions today, Point Dume offers some of the best ocean views and celebrity sightings on the West Coast.

Many celebrities, who could afford to enjoy ocean life anywhere in the world, have chosen Point Dume for their home. Johnny Carson was a longtime resident, buying his beach home in 1984 for about $9.5 million; it sold two years after his death for $38 million. Other celebrity residents have included Robert Duvall, Cher, Dick Clark, Rob Lowe and Julie Andrews. One of the enclave’s most popular assets is the deeded-access private beach, which can only be entered with a homeowner’s key.

The Rickles’ 3,421-square-foot home is on one tropically landscaped acre, featuring four bedrooms and five baths. It was built in 1968, the same year he starred in The Don Rickles Show on ABC, but shows no signs of age with all of the updates, white walls and cheerful tasteful decor.

Features include wide-plank hardwood floors, large windows that stream sunlight across the rooms, a fireplace in the living room, ocean views, outdoor deck with barbecue, office and ensuite guest/staff quarters. Large grounds include a swimming pool, spa and tennis court and lawns perfect for a laid-back game of croquet. Chris Cortazzo of Coldwell Banker Residential Brokerage in Malibu holds the listing.

https://www.toptenrealestatedeals.com/


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