“Economic growth and city building are intrinsically entwined; investors and companies are confident that when they come to Toronto not only will their basic needs be met, but they will also be able to capitalize on the people and the infrastructure here in order to maximize their investment.”
Jennifer Keesmaat, Chief Planner, City of Toronto
There is no question that construction, a key indicator of economic vitality, is booming in Toronto. The city is also benefiting from a surge of investment in public infrastructure and transit to meet the needs of this rapidly expanding region.
The newly completed UP (Union Pearson) Express connects people by rail from downtown to Pearson International Airport in only 25 minutes. Union Station, Canada’s busiest, most important multi-modal passenger transportation hub is also undergoing a major redevelopment. Toronto’s waterfront revitalization is the largest urban renewal project currently underway in North America. The groundbreaking Regent Park Revitalization project is transforming the former 69-acre social-housing development into a self-sufficient mixed income, multi-use community.
The LEED Gold-designated Southcore Financial Centre has recently increased premium office space in downtown Toronto by 1.4 million square feet. In the past 40 years, Toronto’s downtown population doubled and one-third of all jobs in the city are now within the core.