Greater Toronto Area Market Outlook Report

Much like the global economy, the Greater Toronto Area’s (GTA) economy experienced unprecedented challenges in 2009. By June, the unemployment rate was the highest it had been in 15 years at 9.6%. Heavy job losses occurred in the manufacturing sector, particularly in the embattled automotive industry. Traditional office space users also contracted. There was a glimmer of hope by the fourth quarter of 2009 that the GTA economy was showing signs of improvement, and these conditions should continue to improve in 2010.

Have a look at our complete overview of the Greater Toronto Area Market Outlook  or review our National Market Outlook for a real estate perspective on cities across the nation.

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