“Toronto’s Tech Boom Will Keep Real Estate Frenzy Going: Forecast” – HuffPost | CondoSavvy

We love the Toronto Tech industry! It keeps a city like Toronto growing and humming along, at the forefront of innovation. Toronto’s tech and innovation scene is now being labeled as an emerging Silicon Valley North, which says a lot about this city and the talent we produce. These talented, high earning people all need places to live, making this tech boom a great time to invest in Real Estate.

From Sidewalk Labs by Alphabet, to the new Microsoft Headquarters just announced downtown, Uber investing in a new engineering hub and the continued success of the MaRS Discovery District and other innovation hubs, Toronto is diversifying it’s industrial portfolio to tech – which in and of itself, encompasses almost every industry on the planet.

“The influx of tech companies into Toronto’s downtown core in recent years has already had  a huge effect on the real estate market” said Anthony Hitt, president and CEO of Engel + Volkers North America.

 

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