freshcutgrass
Senior Member
They might have gold-plated subways if most people who worked downtown also lived there. But they don't and they never will even with the condo boom. People will always care more about where they live than where they work
Well, while 420,000 jobs is quite impressive for downtown, so is around 300,000 residential population. If it's so unpopular, why does it have the fastest growing population by far? I'm pretty sure that downtown has the highest walk/bike to work percentage of any employment centre in the city (or pretty much anywhere).
and that's what makes the dis-proportionality of revenue not so cut and dried.
How so?
Downtown Toronto comprises 3% of the city's land area, yet accounts for 25% of the city's property tax revenue. It's also responsible for a healthy chunk of development fees and Land Transfer Taxes.
That's pretty cut and dried.