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Downtown Toronto Booms

Posted by: Nate Berg

28 October 2007 - 9:00am

With a flood of new condos, booming downtown Toronto is the fastest-growing area in the city.

"The explosion of high-rise condominiums in Toronto's downtown isn't an illusion: The population of the downtown core has grown by 65 per cent in the past 30 years, and nearly 10 per cent in the past five."

"That makes downtown Toronto one of the fastest growing communities in Greater Toronto, says a new report by the city's planning staff."

"And the newer residents are wealthier, better educated and less likely to have children than their downtown neighbours."

"Downtown may be the fastest growing area of the city, but it's not sucking the life out of other neighbourhoods, said Barbara Leonhardt, director of policy and research in the planning department."

Full Story: City's downtown population surges
Source: The Toronto Star, October 26, 2007
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