Quote:
Originally Posted by C.
Reading that Canada plans to allow 550,000 new immigrants a year. Current population is 39,292,355. About a quarter of the new immigrants will settle in Toronto. There is going to be a need to house an additional 100,000 people every year in the Toronto area just to keep up with demand. Toronto will continue to be a city to watch over the next decade. |
Housing remains the Achilles' Heel and has proven a tough nut to crack. Toronto and Vancouver still add a ton of people annually but if one delves deeper into the data there are troubling signs. If it weren't for large scale immigration, both would have seen their populations decline due to an exodus of locals. Torontonians and Vancouverites are heading to more affordable metros. 99,465 Torontonians left for other parts of Canada in the period below.
Toronto CMA: July 2021 - July 2022
Net Inter-Provincial Migration: -
21,388
Net Intra-Provincial Migration:
-78.077
Natural Increase:
+21,000
Net International Migration:
+216,605
Toronto has seen 100,000+ annual population increases for 2-3 decades. We do tend to focus on what's gone wrong (house prices, lack of green space) but what impresses me is how much has gone right the last 20+ years. They do need to fix the 2 aforementioned things, but so much more could have gone wrong. There's a dizzying quantity of growth coming but I'm optimistic that the city can successfully meet the demands placed upon it going forward. PT is keeping pace, sewers/power grid is being continually upgraded, schools/hospitals are being built, and TOD has been standard practice for quite awhile. Zoning and 1950s era regulations need to be overhauled.