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Originally Posted by craner
Ok, thanks for elaborating Cal & Whip.
I guess what I was asking is why couldn't/can't Chicago boom at the same rate as Toronto ?
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It's a second tier city in its country and also doesn't function as an immigrant gateway the way NY/LA and Texas operate. Also has a lower international profile than NY/LA/SF/Miami.
Toronto meanwhile is the principal city within its country and Canada has a high immigration rate, which naturally gets an above average level of immigration. The prairie cities and Montreal also get high levels of immigration, but due to the conflation of all the above factors, Toronto stands out in contrast to Chicago among the major RE investment source markets such as China, UAE, India and Russia.