GTA Real Estate Market

Despite recent questionable times in the North American mortgage industry, Greater Toronto Area ('GTA') real estate demand, in all categories, continues to be driven by strong municipal, provincial and national economic conditions. And it's that momentum that Metro One Development, Inc. is capturing in its building and design venture.

Residential: 2007 year end sales appreciated 12% over last year, and increased 11% over the 84,145 sales recorded during 2005, the Toronto market's previous best-ever annual performance. Optimism continues into 2008. The past decade, in fact, has been one of the best on record for residential real estate in the Toronto area.
~ Courtesy of the Toronto Real Estate Board

Industrial Space: The City of Toronto has 283 million sq ft of industrial space, accounting for 40% of the industrial space in the GTA, earning a ranking of 3rd in North America for amount of industrial space in use. There's further a high demand for warehouse and distribution center use in the whole of the GTA. Such a need for specialized buildings translates to design built projects continuing to create demand for undeveloped such land.

Office Space: The City of Toronto has 116 million sq ft of office space, approximately 73% of the office space in the GTA, making it the largest office centre in Canada. With established businesses growing and others migrating to Southern Ontario to take advantage of the existing market, the remainder of the GTA, particularly to the North and West, is experiencing robust growth.

Retail Space: With annual retail sales of almost $50 Billion, Toronto is Canada's largest retail market. It's also a market that is more contained than most North American cities of similar size, making it one of the most important commercial nodes in the GTA.

It's Metro One's mission to not only take every advantage of the historic and on-going strength of the GTA market, but also to be a building visionary and leader in the residential community and one that business/commercial clients trust for intelligent, integrated solutions. We deliver results that are in tune with residential and strategic business objectives, and support real estate initiatives that add long term value and competitive advantage to your organization.