Is Toronto your Immigration Destination? Good news from the Economic Front

According to CIBC World Markets , Toronto is the leading city in Canada in terms of economic performance. This is the second year in a row that Toronto gets this honour. CIBC relies on its Canadian Metropolitan Economic Activity Index to evaluate performance of economies and this year Toronto scored 23.0. That is the highest level in over 10 years!  

So despite the economic doom and gloom were are hearing, especially from Europe, Canada remains relatively unscathed and in particular, Toronto. Our housing market has shown remarkable resilience to date as well as our unemployment rate. This can only mean one thing from an immigration perspective: More immigrants will choose Toronto as their immigration destination. Not only is our economy humming, but our crime rate also remains at historic lows.

No better place to raise a family I would say. I am from Toronto, so full disclosure and biases are admitted 🙂

In any event, Toronto’s economic performance is due in part to its talented and hard-working immigrant population. Diversity leads to success, not only culturally but also economically as has been proven time and time again.

 

 

Any information provided here does not constitute legal advice and is intended for general information only. Should you require legal advise, you are encouraged to contact a lawyer directly. All blog postings are public and are not subject to solicitor/client confidentially. Case results depend on a variety of factors unique to each case, and case results do not guarantee or predict a similar result in any further case undertaken by the lawyer.

About Michael Niren

Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the American Bar Association. He is frequently called upon to appear in the media to discuss Canadian and US immigration issues effecting North Americans. He has been interviewed by Canada AM, CTV, Canada News Net, the Globe and Mail and the Toronto Star and has given lectures on immigration topics overseas.

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