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I recently blogged about the foreign investment issue that's driving house prices up in the Toronto Area. I had read a lot of articles relating the situation to what went on in Vancouver and, I have to admit, I found it all a little discouraging. While I've happily made my home in cottage country since 1992, I am a Toronto girl... and just yesterday I was thinking how you can take the girl out of Toronto but you can't really take the Toronto out of the girl.
While the cityscape has changed dramatically over the past twenty-five years and I don't often get there, Toronto is still my city and I've always seen it as the mosaic in which most Canadians take great pride. Toronto has always made space for new Canadians and while some find it easier to integrate than others, on the whole it's really a very friendly place, where people warmly make new friends. I've been chatting to some of my colleagues in the city... and they reminded me of this bright side to the Toronto market situation.
Apparently, there is a great deal of interest in the secondary school and post-secondary education available in Canadian schools- both the private and highly-rated public schools. In Canada, graduates are allowed work-visas for a period after their studies and this means that at least part of the family can move to our cities for several years- and, of course, they need accommodations. Purchasing a home is a smart investment and what better place than a beautiful city where you are bound to find others who know your first language fluently?