Toronto has momentum, stamina and is ready to tackle the future head-on, according to a new report.
Cracking the top 10 on a list of global cities "that have the future-proofing capacity for longer-term success," Toronto shows that at least one Canadian city is very ready for the future.
What does it mean to have this "future-proofing capacity" you ask? It's the ability of a city to be successful in the long-term.
Research from JLL's Cities Research Center on a project called the City Momentum Index (2018) looked at 131 "major established and emerging markets" and tracked/ ranked them all according to factors like higher education infrastructure, innovation capability and technology firms.
- 1. San Francisco
- 2. Silicon Valley
- 3. New York
- 4. London
- 5. Boston
- 6. Los Angeles
- 7. Paris
- 8. Amsterdam
- 9. Toronto
- 10. San Diego
On this list, Toronto takes spot number nine. Vancouver comes in 19th and Montreal in 26th.
Toronto made the list of future-proofing cities easily, but was absent from the other list JLL produces: Short-Term Momentum. This just means that Toronto hasn't had a mass spike in population, economic output, foreign direct investment or retail sales.
But it's ok, because we're playing the long game.
by Lisa Cumming via blogTO