Is Toronto in Decline?

Is Toronto in Decline?
kyle.dionneclark

kyle.dionneclark in Urban Scenarios TO

The rise in importance of natural resources to the Canadian economy threatens the dominance of the Toronto's place at the apex of the Canadian Economy

Captured on 22 Aug 2010 from www.fraserinstitute.org

 

Is Toronto in Decline?

Type: Research Studies Date Published: June 25, 2008 Authors: Research Topics:
Canada Strong & Free, Urban Issues
  • Torontonians are worried their city is losing its edge compared to other major Canadian business centers.
  • The city of Toronto's median income has sunk below the national average. In the 2001 census, median income in Toronto was 106 percent of the national average; in the 2006 census, it was below the national average at 96 percent.
  • Management occupations in Toronto, which may be viewed as a proxy for the city's health as a business centre, have been on the decline.
  • The negative trend is visible not only in Toronto, but also across the province as a whole. Median income in Ontario grewby 10 percent over the period compared to 16 percent nationally. Moreover, Ontario saw a decline in the number of management occupations over the most recent census period.
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