Toronto Economy To Increase By 2.8% In 2013

16 Feb 2013

Toronto’s economy will grow in 2013, thanks to the markets of USA.

“You’re getting closer to competing with the boomtowns,”

“It’s good news. Finally, Central Canada is going to get some benefits.”

Toronto’s real GDP is predicted to grow at 2.8%, up significantly from last year’s 1.9%. And the growth will continue with an average of 2.7% annually from 2014 to 2017. Toronto is the fastest-growing region in Ontario.

 “Toronto is very unique and very lucky to have such a strong mix,”

“But you need a 2 per cent to 2.5 per cent increase just to keep up with population growth and productivity growth,”

“But you take what you can get these days.”

Toronto’s outlook is third highest and falls behind cities Saskatoon and Edmonton, which are forecast to grow between 3.7% and 3.2% respectively in 2013.

 “The downtown economy is tied to the Canadian economy in ways that some other communities are not,”

With the rising economy, job market is also set to grow. Skilled professionals from foreign countries can migrate to Canada with a suitable visa. For further information, call now on 1800 103 1555.

Mail at [email protected] to talk to our Canadian immigration experts.