
Toronto just beat out U.S. hot spots in ranking of fastest growing metros
Becky Robertson
created: Sept. 17, 2025, 7:43 p.m. | updated: Sept. 19, 2025, 1:16 a.m.
Tariffs, recession, floundering job market and real estate downturn be damned — experts are still somehow forecasting that the GTA will serve as the fastest growing major hub across both Canada and the U.S. in the coming years.
In a new ranking, released on Wednesday by HigherCaps, the Toronto-Waterloo corridor was named the number one area for boom potential by 2035, outpacing such cities as Seattle, Dallas-Fort Worth and Tampa Bay.
non-reliance on sectors prone to automation and able to reap the benefits of AI development).
In total, Toronto-Waterloo received a score of 34 out of a potential 40, excelling for its high immigration levels (10/10), AI impact (10/10) and climate resiliency (9/10).
Calgary also made the list, coming in right after the Toronto area with a score of 34/40 due to its position as a "strong northern climate haven" (10/10 climate resiliency score) and significant influx of migrants from elsewhere in Canada and abroad (9/10 net migration score).
3 weeks, 1 day ago: blogTO