"Our heritage buildings, districts and landscapes create a unique sense of place and a rooted sense of local identity and continuity for Torontonians. Heritage conservation is also a wise investment for a municipality. Heritage restoration work sets off much higher job and investment economic multipliers than new construction and heritage sites are a draw for tourism and the film industry. Heritage conservation not only makes our neighbourhoods even more attractive, it also increases their desirability and value.
In the past, many of our architectural gems and historical landmarks were lost. The Plan focuses on conserving Toronto's remaining irreplaceable heritage resources, including our heritage landscapes, historic cemeteries and buried archaeological sites."
From Draft Policies, City of Toronto Official Plan