Description: According to a  report released on March 5 by real estate  consultants  Knight Frank, Toronto ranks among key cities for the Mega-rich. Those with lots of money apparently see much that is attractive in Canada’s most populous city. Meanwhile, Sotheby’s International Realty Canada suggests that Toronto will continue to lead the luxury real estate market in Canada.

Source: Globe and Mail.com

Date:  March 5, 2015

Link:  http://www.theglobeandmail.com/report-on-business/top-business-stories/toronto-among-cities-that-will-dominate-for-worlds-megarich-study-finds/article23304004/

Discussion Points:

1) What business opportunities do you think might emerge for the accounting profession from this situation?

2) For Canadian governments at various levels, does this situation present any opportunities or challenges?

3) Why do you think Toronto is looked upon so favorably by wealthy individuals?