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Canada’s biggest suburb

A new report says Toronto is stagnating economically and could be overtaken by its outlying areas


 

In a report issued Tuesday, the Toronto Board of Trade warned that Canada’s biggest city is fast becoming a suburb of its own suburbs. As businesses have increasingly moved to the outer suburbs of Toronto, prosperity and economic growth have tended to follow them out the door. Among the major reasons is the outlying areas’ better record when it comes to job creation. Between 2002 and 2007, employment in the ‘burbs grew by an average 2.8 per cent a year; in Toronto, it grew by a relatively paltry 1.1 per cent. GDP growth tells a similar tale. Outside the city proper, it averaged 4.2 per cent a year, whereas in Toronto it averaged 1.1 per cent over the same period. The report found that Toronto has become a “magnet for living, while the surrounding municipalities form the more powerful economic engine.”

Toronto Star


 
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Canada’s biggest suburb

  1. Why would anyone be surprised? Never ending tax increases, scary looking, indigent people all over the place, crime and outrageous gridlock on the roads, are hardly drawing cards. I used to love going into Toronto, now it’s just one big expensive hassle. Every Monday, the newspapers regale us with the stories of the weekends shootings. If they’re not very careful, we could be looking at another American style big city disaster.

    • I don’t think you read the article, Big Surprise. It says that people are living in Toronto DESPITE what you call “never ending tax increases, scary looking, indigent people, etc etc etc”

      It says that more people are WORKING in the 905. But hey, at least you got to give an easy shot to Toronto.

      Reading is so unnecessary these days, isn’t it?

      • It’s sad how the right-ring media has leaped on this. The report clearly states that employment growth has exceeded population growth in 416, but the opposite in 905. Apparently this is bad for Toronto.

        A whole lot of law of small numbers.

  2. It acutally makes a lot of sense – urban quality of living is very high, but businesses find it expensive to locate there. Hop on the Gardiner/QEW West or the DVP North in the morning and you’ll find it’s pretty bad – not as bad yet as the commute into the city, but getting there.

  3. Yeah, well, this is what happens when you elect a man more socialist than the NDP into the mayors office.

    Anyway, I don’t think Toronto can completely disappear commercially, even with the current idiot regime. I personally quit my 905 job because I decided commuting up their is a waste of life. I know many others like me. 416 companies can move, but I wonder how many of their employees will move with them? I won’t.

    Secondly, the more that move, the more commercial prices suddenly aren’t so expensive in the core, and suddenly maybe that suburban strip mall in the middle of Scarbs doesn’t look so hot.

  4. It is relatively simple, Toronto has a tax everything mayor called Miller. Ontario itself is having problems holding on to business with “Green” tax McGuinty. And both areas were warned but refused to listen.

    BC lost business when their want-to-be-gree premier Campbell put in the “carbon” tax that even the NDP are campaigning against. Those who don’t learn history are condemned to repeat it.

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