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Toronto is located on the northwest coast of Lake Ontario, Canada. It is the largest city in Canada, the capital of Ontario, and the political, economic, cultural and transportation center of Canada. It is a world-famous international metropolis with the highest housing prices.
In the past, most people preferred to move to Canada because the land was sparsely populated and housing options were relatively cheap compared with other countries. however, the Canadian dollar was weak at that time. In recent years, the Canadian economy has been growing slowly and steadily, leading to a stronger currency. So when people move to Canada, it means they have less purchasing power. In contrast to other countries where house prices are falling or relatively stagnant, house prices in Canada are growing steadily along with its economy. As is the case in the world, properties near or in the city center are worth more than those located in the countryside.
In recent years, more and more Chinese people have emigrated to Canada. India, China and the Philippines ranked among the top three countries of origin of immigrants from 2015 to 2017, according to data released by the Canadian Federal Immigration Department’s “Fast track” immigration program, Ming Pao reported. From 2015 to 2017, the number of Chinese immigrants increased year after year. Ontario and British Columbia are still the top destinations for Chinese immigrants, but more and more new immigrants choose to settle in other provinces.