![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/06\/toronto-housing-market.jpg\")
<\/a><\/p>\nPhoto: alyssa BLACK.\/Flickr<\/a><\/em><\/p>\n It doesn\u2019t look like underlying demand for Toronto housing is relenting, as the city is the fastest growing in not just Canada but the US as well.<\/p>\n Experts often talk about population growth as a fundamental driver of housing demand, and new analysis from Ryerson’s Centre for Urban Research and Land Development<\/a> puts Toronto’s in perspective.<\/p>\n\n In fact, in a 12-month period ending last July, the city\u2019s population ballooned by a jaw-dropping 77,435 people.<\/p>\n For context, the second-fastest-growing city, Phoenix, added 25,288 people over the same period.<\/p>\n Toronto\u2019s gains overshadowed the combined population increases of America\u2019s three most rapidly growing cities. Third-ranked San Antonio added 20,824 people, while Fort Worth followed at 19,552.<\/p>\n In a comparison of broader metro area\u2019s, Toronto places second claiming 125,298 new residents in 12 months versus the Fort Worth area\u2019s 131,767.<\/p>\n \u201cThe sources of growth for Toronto and Dallas-Fort Worth-Arlington metropolitan areas were quite distinct,\u201d reads the blog post by the centre\u2019s director Frank Clayton and researcher Hong Yun Shi.<\/p>\n \u201cFor metropolitan Dallas-Fort Worth-Arlington, births were by far the largest component of growth, followed by net domestic migration and net international migration,\u201d they continue.<\/p>\n Meantime, Toronto international migration was the biggest contributor to the metro area\u2019s population boom, with births a secondary source.<\/p>\n \u201cNet migration into Toronto from other parts of Canada was very small compared to Dallas-Fort Worth-Arlington,\u201d the blog post states.<\/p>\n Migration into Canada\u2019s biggest cities has been a boon for residential construction investment<\/a> as homebuilders continue to break ground for more housing for all these new arrivals.<\/p>\n