Suburbs Boom, Toronto Fizzles As World's Cities See A Pandemic Exodus

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Toronto was the fastest growing city in North America last year. This year is a very different story.

, issued in March, Petramala showed that Toronto is the largest net loser of people to out-migration, with the regions around Toronto ― including Simcoe, Halton and Durham ― among the largest beneficiaries.

And because low-income Canadians were much more likely to lose their jobs in this crisis, condos will under-perform detached homes, Petramala and Chan Smyth wrote.The questions on observers’ minds include: Is this a temporary or a permanent shift? Will city dwellers return to town once the pandemic is behind us?

He cited data showing only 1.6 per cent of New Yorkers had their mail forwarded outside of the city during the height of the pandemic, and concluded that “most who are likely to stay away from the city are families with children who would have left the city anyway in the coming year or two.”


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