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All About Toronto

Josh
Josh Camaro
May 11, 2025
News
5 min read

Toronto is Canada’s largest city and the capital of Ontario, famous for its vibrant culture, diverse communities, and strong economy. Located on the northwestern shore of Lake Ontario, Toronto is a global city that attracts people from all over the world to live, work, and explore. Whether you’re interested in its booming population, multicultural neighborhoods, or exciting new developments, Toronto truly has something for everyone.

Source: Britannica

Population

Toronto’s growth is remarkable. In 2025, the city’s metro area population is estimated at 6.49 million. The census metropolitan area surpassed 7 million in mid-2024, making Toronto not only the biggest city in Canada but also the fastest-growing major city in North America. The city itself is home to about 2.85 million people. Toronto’s population has grown steadily, with a 3.9% increase in just one year, thanks to both international and domestic migration. This rapid growth is driven by Toronto’s reputation for opportunity, safety, and quality of life.

Demographics

Toronto is one of the most multicultural cities in the world. About half of its residents were born outside Canada, and over 200 ethnic origins are represented. More than 160 languages are spoken across the city, making Toronto a truly global community. Major communities include South Asian, Chinese, Black, Filipino, and Arab populations. This diversity is celebrated in Toronto’s neighborhoods, festivals, and food scene, giving the city a welcoming and inclusive atmosphere.

Economy

Toronto is an economic powerhouse and a hub for business, finance, technology, and the arts. The city’s GDP was estimated at over CA$473.7 billion in 2021. Toronto is home to the Toronto Stock Exchange, Canada’s five largest banks, and the headquarters of many national and international companies. Key industries include technology, design, life sciences, education, aerospace, and tourism. Toronto is also recognized as the third-largest tech hub in North America, after San Francisco and New York. Its strong job market and business-friendly environment continue to attract skilled workers and entrepreneurs from around the globe.

 

What’s Happening: Major Developments

Toronto is investing heavily in its future with major infrastructure projects and city improvements:

  • Road and Bridge Upgrades: Projects like the transformation of Gerrard Street East, Scarborough Golf Club Road improvements, and Richmond Street Bridge rehabilitation are making roads safer and more efficient for everyone.

  • Transit Expansion: The city is expanding its transit systems, including new streetcar tracks, LRT lines, and improved pedestrian and cycling infrastructure.

  • Water and Utility Upgrades: Replacement of aging watermains and upgrades to essential utilities are underway to support Toronto’s growing population and ensure reliable services.

  • Downtown Revitalization: Streetscape greening, sidewalk widening, and new public spaces are being added to make downtown more attractive and accessible.

 

Thinking about moving to Toronto or investing in its future? Explore preconstruction homes on Toronto now on Homebaba!

 

Facts About Toronto

  • Toronto is the fourth-most populous city in North America.

  • The city’s motto is “Diversity Our Strength.”

  • Toronto is home to over 500 skyscrapers, including the iconic CN Tower.

  • The city attracts more than 43 million tourists each year.

  • Toronto is the anchor of the Golden Horseshoe, an urban region with nearly 10 million people.

  • The city was incorporated in 1834 and has grown through annexation and amalgamation to its current size of 631 km².

  • Residents are called Torontonians.

 

Why Toronto?

Toronto offers the best of city living: a safe, welcoming environment, world-class amenities, and endless opportunities for work, education, and entertainment. Its multicultural spirit, thriving economy, and ongoing investments in infrastructure make it a top destination for people from all backgrounds. Whether you’re looking for career growth, cultural experiences, or a vibrant place to call home, Toronto stands out as one of the best cities in North America.

 

Disclaimer: The content above is a compilation from diverse reliable online sources, including blogs and news articles. The Homebaba.ca content team does not ensure the factual accuracy of the information. The provided information may be outdated, and it should not be considered as advice or a recommendation. It is advisable to consult with a licensed real estate agent or broker for accurate advice and recommendations.

 

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