Conference Board of Canada Gives Toronto Thumbs Up
Toronto is a GREAT place to invest. That's the message the mayor of Toronto should be delivering to the people of Chicago, in their two day trade mission.
Now, the Conference Board of Canada is backing up those claims.
Jane MacIntyre is an Economist with the Conference Board of Canada and says the manufacturing sector is starting to build momentum in this city, and the housing market continues to be strong.
She says for the Mayor's delegation traveling to Chicago, the sales pitch would be simple: Toronto has been stable with growth of more than 2 percent for the last two years.
The Conference Board says, the medium-term outlook for the Toronto CMA is rosier with the economy is expected to grow by an average of 3.1 per cent annually for the next four years, the fastest pace of expansion east of Saskatchewan.
Low interest rates and low inventory are two factors that are helping the housing market stay strong.
Toronto ranks in 6th of the 13 cities looked at.