The Greater Toronto Area has experienced remarkable population growth in recent decades, significantly outpacing global averages. The GTA's population stood at approximately 6.22 million at the end of 2024, a 35% increase since 2010. This population growth has been a key driver in demand for housing. It should also be bolstering development proformas for residential construction across the city.
Supply and demand in Toronto’s residential market are at a stalemate
Financial reset needed to realign residential market dynamics
CoStar Analytics
May 29, 2025 | 4:39 P.M.
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