Realty
For those of you who haven't been exposed to the subject of realty, “realty” refers to a piece of property that includes a piece of land and everything else that above or below it – meaning structures above ground and below ground encompassed within the perimeter of the land property. Some would even go as far as claiming that the air above the ground and within the perimeter of the land property is considered to be part of the realty. Evidently, this is probably meant to emphasize the fact that even if there is nothing built on the property yet, no one but the owner could make use of the realty space. It must be said that in some cases realty must not be confused with real estate, which in some definitions include only the structure (or parts of a structure) that is built on the land. Generally speaking, however, the two terms are regarded as synonymous with each other.
Toronto realty is considered by some as a fairly competitive arena. Toronto, being one of the most beautiful places in Canada, generates a high demand for property in the area. Couple this with the fact that Toronto is a premiere city in Canada, and it's no surprise at all that realty in Toronto is healthy and thriving.