Like other key cities around the globe, Toronto has witnessed further consolidation and expansion of the financial services sector. This sector initially helped to prop up the market at a time when the industrial sector in the region was hit hard and it continues to spur growth. 2012 will see further office development as the financial district spreads south of the traditional core. With a housing market that continues to defy gravity and an industrial market that has shown remarkable resilience, Toronto will maintain its dominant position in spite of growth in other Canadian markets.