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Why Toronto Real Estate Why Toronto Real Estate [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 Table of content • Why Canada? 1. Why Toronto 2. Lifestyle & Culture 3. Economy 4. Infrastructure 5. Taxation 6. Land Registry • Toronto Residential Market Overview 1. Facts & Figures 2. History & Future 3. Map & Orientation [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 2 [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 3 Why Canada Canada is traditionally thought of as a peaceful, stable nation, with a diversified economy and large immigration base. According to reports from the Government of Canada, there are 3 key factors which make Canada stand out on the world stage: 1. Stable and Predictable Economy: • Canada has the world’s tenth largest economy and second largest proven reserves of oil, and is the third largest producer of natural gas. • Moody’s ranks Canada’s banking system as number one in the world for financial strength. During the global financial crisis, no Canadian bank or insurance company failed or required bailouts. • Canada shares a border and one of the world’s largest and most stable commercial relationships with the United States. • Canada’s economy was first among G7 nations to recoup the employment losses recorded during the global recession. 2. Innovative • Canadian research institutions benefit from Canada’s stable and predictable fiscal environment, allowing them to develop next-generation products such as electric vehicles, paper phones, wood-based jet fuel, simulation technologies and the new chemicals and plastics that will shape tomorrow’s bio- economy. • In 2010, IBM, Pratt & Whitney Canada, Ericsson, AMD, Alcatel-Lucent, Sanofi-Aventis Group, Pfizer, Glaxosmithkline, Imperial Oil and Novartis were all among Canada’s top research and development (R&D) spenders. In the past five years, these companies have collectively invested more than $10 billion in Canadian R&D. • In 2011, the Organization for Economic Co-Operation and Development (OECD) ranked Canada number one among G7 countries for higher- education R&D expenditures as a percentage of GDP. 3. Cost Efficient and Profitable • For much of the past decade, the Canadian economy has expanded faster than any other G7 country. A decade of budget surpluses and debt- reduction initiatives afforded Canada the ability to implement policies to stimulate the economy. • Canada has the lowest net debt to GDP ratio and highest employment growth in the G7. • Benefiting from the North American Free Trade Agreement (NAFTA), companies in Canada have ready access to a massive market (which includes Canada, the U.S. and Mexico) with an annual economic output valued at more than U.S. $16 trillion. • In the past five years, Canada concluded free-trade agreements with eight countries; negotiations are underway with 50 other countries and regions, including the European Union and India, while early discussions continue with other countries, such as Japan. [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 4 Why Canada • Canada’s economic stability, low interest rates and continued immigration have fueled the Canadian real estate sector for many years. • Canadian Banks have been ranked the world's soundest for 6 years in a row by the World Economic Forum. • At the heart of Canada’s real estate boom, is Toronto, the nation’s financial center. Through the heart of the global financial crisis, condominium prices in Toronto have risen by over 32% and vacancy rates remain extremely low – at only 1% for new build in the city's core. Toronto’s continued population growth and limited available lands have led the Conference Board of Canada to project continued price increases for the foreseeable future. • Toronto is the economic engine of Canada and among the most vibrant and diverse cities in North America. In the latest global ranking cities from PwC, Toronto emerged as the third best places to live and work. [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 5 Why Toronto • Toronto is the largest city in Canada and the commercial hub. It has Lifestyle & completely diversified economy with the majority of the top banks and Culture global corporations. • The country’s top schools and Universities, medical centers and highest paying jobs are in Toronto. Land • Change in land policy (more intensification wanted by local Economy Registry government) has made prices for single detached homes unaffordable by the masses and has driven the condo boom in Toronto with condo sales in June 2014 up 45% from the year 2013. Why Toronto • Driving investor demand for condo units in Toronto is that vacancies are at all time low of about 1%. Infrastructu Taxation re [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 6 Lifestyle & culture Royal Ontario Museum is one of Canada's leading museums Toronto has a humid continental climate with warm, humid summers and cold winters. The city experiences four distinct Weather seasons. Owing to urbanization and its proximity to water, Toronto has a fairly low diurnal temperature range (day- night temperature difference). The demographics of Toronto make Toronto one of the People most multicultural cities in the world. According to the 2011 National Household Survey, 48.6% of Toronto's population is foreign-born. The Hockey Hall of Fame, housed in a former bank erected in 1885, is located downtown Toronto theatre and performing arts scene has more than fifty ballet and dance companies, six opera companies, two Culture symphony orchestras and a host of theatres. The city is home to the National Ballet of Canada, the Canadian Opera Company, the Toronto Symphony Orchestra, the Canadian Electronic Ensemble and the Canadian Stage Company. • Outdoor Shakespeare production in Toronto's High Park "Dream in High Park“. • The production of domestic and foreign film and television Lifestyle is a major local industry. • Toronto's Scotiabank Caribbean Carnival (Caribana) takes place every summer. 7 [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 Economy of Toronto • Toronto's economy has 12 key sectors which work together to keep the city relatively resilient to economic downturns. Toronto's international competitiveness and strength in each of these areas combine to generate synergies and stimulate growth. • Toronto's technology sector is comprised of 14,600 companies employing about 159,000 people. • The financial services sector is a key driver of our local, provincial and national economy, employing over 245,000 individuals. • Toronto is both the financial services capital of Canada and the third-largest North American financial services centre after New York and Chicago. • Toronto houses the leaders in Canada's financial services industry including: - Headquarters for five of the nation's largest banks and the majority of foreign banks/subsidiaries/branches in Canada. Collectively our banks manage approximately $3.4 trillion of the nations assets (CBA 2013) - 80% of Canada's Mutual Fund industry, representing over $1.01 trillion in Assets Under Management (AUM), including $62.9 billion in Exchanged Traded Funds (ETFs), as well as the majority of the $35 billion hedge fund industry (source: IFIC and CETFA, 2014). The TMX Group which owns and operates the third largest equity exchange in North America and the eighth largest in the world based on market capitalization • The City of Toronto's economy comprises 10% of Canada’s GDP, with Toronto's GDP topping $157.3 billion in 2013. Ref: Toronto.ca [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 8 Infrastructure 1. Streets and Transit • Toronto has approximately: 5,600 km of roads 970 bridges and culverts 7,945 km of sidewalks 322 km of public laneways 280 km of off-street trails 2,283 traffic control signals • The Toronto Transit Commission (TTC) was established 1921 and offer rides to 540 million with: 132 subway trains 248 streetcars 1,878 buses 211 accessible buses that provide 3.1 million rides annually • Toronto is served by VIA Rail, the network that provides all rail service throughout Canada. • Historic Union Station is the hub of Toronto's transportation network. 96% of all GO Train riders pass through its concourse. • Pearson International Airport is the busiest in Canada, 4th busiest in North America. The Greater Toronto Airports Authority is responsible for air traffic above the Toronto area. • North America's largest continuous underground pedestrian system and the largest underground shopping complex, PATH, connects approximately 1200 stores and restaurants, over 50 buildings/office towers, five subway stations, Union Station, six major hotels and several entertainment centers under Toronto's financial core. [email protected] | www.vertica-me.com Beirut – Lebanon +961 1 818 325/6/7 Riyadh – KSA +966 11 4903 741 9 Infrastructure 2. Water • Toronto Water treats, transmits, stores and distributes more than one billion liters of potable water daily which it distributes through 6,000 km of water mains. • Toronto's average summer water production is enough to fill the Rogers Centre to the top every day. • Toronto water collects and treats wastewater from more than 3,900 km of sanitary sewers, 4,900 km of storm sewers and 1,500 km of combined sewers. 3. Emergency Services • Toronto Police Services provides 24-hour emergency response for the City.
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