Canary House Condos

Toronto's population has been steadily rising and currently stands at about 3,013,752 people. This growth can be attributed to several factors. The city's strong economy. Not only does it cater to diverse job opportunities but it also attracts people of all ages and countries to seek employment in the city. Toronto's multiculturalism is also another jar of honey for the bees. With significant individuals of South Asian, Chinese, and India creating a rich tapestry of cultures in the city, the city thrives when any cultural festival happens. Moreover, the city's commitment to a high quality of life, top-notch healthcare, and excellent education institutions eliminates the unexpected expenditure from your bills.

Toronto is celebrated for its diverse immigrant population, hailing from various parts of the world. They contribute to the city's cultural richness and economic growth. Recent data indicates that immigrants make up about 46% of Toronto's population. They bring diverse languages, traditions, and viewpoints, enhancing Toronto's multicultural identity. Immigrants play a vital role in the city's economy across various sectors.

Living in Canary House Condos in Toronto comes with the advantages of a vibrant urban lifestyle, but it's essential to consider the average cost of living in the city. Toronto's cost of living is relatively high compared to both Ontario as well as other national averages. Specifically, the cost of living in Toronto is approximately 2% higher than the Ontario average and a substantial 14% higher than the national average. Housing costs, in particular, stand out, with Toronto's housing expenses being 26% higher than the national average.

Toronto's employment landscape is a mixture of opportunities and income levels. While the median household income in the city is approximately 1% lower than the national average, Toronto boasts a relatively lower unemployment rate, approximately 25% lower than the national average. The distribution of income in the city varies, with 10.7% of residents earning $20,000 or less, indicating a segment facing economic challenges. Conversely, 10.1% of Torontonians fall within the $80,000 to $100,000 income bracket, reflecting a substantial middle-class presence. Also, 5.3% of the population earns $300,000 or more, highlighting a significant segment of high-income earners contributing to Toronto's economic vitality.