More finance professionals moving to Toronto
“The financial industry’s strength is attracting worldwide talent to Bay Street – and giving a big boost to the high-end real estate market.”
That’s according to a recent Globe & Mail article, “Banking on TO,” which reported that Canada’s comparatively strong financial services industry is drawing “…many bankers and investment professionals…from some of the world’s most prominent financial capitals.”
In particular, the article points out that:
While banks in the United States and Great Britain have diminished or even disappeared in some cases, Canada’s more staid big six chartered banks have remained steadfast in comparison.
These “Big 6” banks include Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, and TD Canada Trust.
The article further notes that “the influx has spurred a resurgence in Toronto’s real estate market – from mid-priced houses up to the highest echelons.”
Read the complete article here.
Photo ©Carolyn B. Heller
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