CITY OF TORONTO SAW THE LARGEST EXODUS FROM CITY OF TORONTO IN 17 YEARS!

Just how damaging has the COVID-19 pandemic been to population levels in Toronto, Canada’s new priciest market?

In January, figures from Statistics Canada revealed that the period between July 2020 and 2021 had seen a record number of departures from the Greater Toronto Area (GTA) to other parts of Ontario, with over 64,000 people leaving the city and its surrounding region for pastures new.

With the City of Toronto registering an overall population decline of just over 16,500 during that period – its first annual net loss recorded for 17 years – other parts of Ontario saw rapid price growth as Torontonians spilled out of the city throughout the pandemic. # SANDI HALPERN # LEASED # SOLD #CITY OF TORONTO # MOVING OUT OF CITY