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Value of Real Estate is making a lot of people wealthy in Toronto. This would account for the reason there are more millionaires and multimillionaires in T.O over Chicago.
There are far more rich in Chicago than in Toronto. Probably minimum 2x as many, but I would guess higher. The North Shore has no equivalent in Canada, and even the North Shore is not among the very top wealth centers in the U.S.
There are probably like 15 U.S. cities with more rich than in Toronto, because the U.S. is on average, richer, and the U.S. has greater wealth inequality than Toronto.
Standard111, stating that Chicago has it over Toronto for "culture" and "things to do" is highly debatable depending on what sorts of things you are into.
It's not highly debatable, at all. It's a joke. Can the AGO even match the Albright-Knox in Buffalo? Doubt it. Toronto traditionally wasn't that big or prosperous, and so never had the art collections of the industrial age you see in nearby U.S. cities.
It isn't even debatable that the AGO or symphony can match the corresponding art museums or symphonies in Cleveland or Detroit. To compare to Chicago is even greater nonsense.
There are far more rich in Chicago than in Toronto. Probably minimum 2x as many, but I would guess higher. The North Shore has no equivalent in Canada, and even the North Shore is not among the very top wealth centers in the U.S.
There are probably like 15 U.S. cities with more rich than in Toronto, because the U.S. is on average, richer, and the U.S. has greater wealth inequality than Toronto.
Toronto has a few wealthy areas too, where the super rich live.
That guy Robert from Shark Tank lives in one of them,
"The Bridle Path", homes sell from $10 million to $50 million+
Robert bought his home 10 years ago for about $10 million, now worth over $20 million.
Also Forest Hill and SE Oakville.
15 cities more rich than Toronto, I don't think so.
For the price of a 1,500 square foot fixer upper in Toronto
a person can easily buy a 5,000 square foot mansion in Houston.
Do they have a South side where angry youths travel to the north side to rob and
mane the middle class and take their tennis shoes, cell phones, and purses?
Toronto has a few wealthy areas too, where the super rich live.
That guy Robert from Shark Tank lives in one of them,
"The Bridle Path", homes sell from $10 million to $50 million+
Robert bought his home 10 years ago for about $10 million, now worth over $20 million.
Yeah, most sizable metro areas in the US have this. LA, NYC, Chicago, Houston, Dallas, Atlanta, Boston, DC, Seattle, Minneapolis, Bay Area, San Diego, Phoenix, etc.
The city of Toronto actually has more millionaires than Chicago by about 10,000, but Standard111 is right when he mentions other areas like the North Shore. Some of the richest people in the Chicago area live in other areas like the North Shore. Some very wealthy like the Prtizkers of course live in the city. When you expand it out to the metro area, Chicago has about 200,000 or 225,000 millionaires. Not sure about what Toronto is for the metro area, but it is false to assume that Toronto doesn't have as much currently at least city vs. city. Metro area may be different.
It's not highly debatable, at all. It's a joke. Can the AGO even match the Albright-Knox in Buffalo? Doubt it. Toronto traditionally wasn't that big or prosperous, and so never had the art collections of the industrial age you see in nearby U.S. cities.
It isn't even debatable that the AGO or symphony can match the corresponding art museums or symphonies in Cleveland or Detroit. To compare to Chicago is even greater nonsense.
There is a lot more to "culture" than art museums and symphonies, that's why I said "depending on what sorts of things you are into".
By the mid 20th century, Toronto was of a comparable size to Buffalo, Cleveland, Pittsburgh and a few others.
There is a lot more to "culture" than art museums and symphonies, that's why I said "depending on what sorts of things you are into".
Well why don't you tell us these important cultural things that don't involve things like museums and the performing arts?
Quote:
Originally Posted by Atticman
By the mid 20th century, Toronto was of a comparable size to Buffalo, Cleveland, Pittsburgh and a few others.
Greater Cleveland had 2.23 million people in 1950. Metro Toronto had 1.26 million people in 1950.
So Cleveland was twice the size. I bet you Cleveland was a lot richer too (certainly more than twice Toronto's 1950 wealth).
And that's why Toronto has a relatively small prewar fabric. It wasn't that big. The Toronto equivalent of Chicago's North Shore is the old, wealthy single family home neighborhoods off Yonge, which begin north of Bloor.
In contrast, you have neighborhoods that look pretty much like that in places like Wilmette and Kenilworth, in suburban Chicago. Go to Google maps and check out East Wilmette, to take one example.
The city of Toronto actually has more millionaires than Chicago by about 10,000, but Standard111 is right when he mentions other areas like the North Shore.
I don't know if this is true, but it isn't a reasonable comparison. The city of Toronto is an amalgamation of the old city with the suburban hinterlands. Most of the city proper consists of postwar suburbia, and so it would be like if Chicago merged with all of Cook County, and half of Lake County or something.
I don't know if this is true, but it isn't a reasonable comparison. The city of Toronto is an amalgamation of the old city with the suburban hinterlands. Most of the city proper consists of postwar suburbia, and so it would be like if Chicago merged with all of Cook County, and half of Lake County or something.
Though there's 10 more known billionaires in Chicago than Toronto. However, if you read my entire post you'd realize I was saying that Chicago probably overtakes it once you account for all the other surrounding areas of Chicago.
Well why don't you tell us these important cultural things that don't involve things like museums and the performing arts?
Greater Cleveland had 2.23 million people in 1950. Metro Toronto had 1.26 million people in 1950.
So Cleveland was twice the size. I bet you Cleveland was a lot richer too (certainly more than twice Toronto's 1950 wealth).
And that's why Toronto has a relatively small prewar fabric. It wasn't that big. The Toronto equivalent of Chicago's North Shore is the old, wealthy single family home neighborhoods off Yonge, which begin north of Bloor.
In contrast, you have neighborhoods that look pretty much like that in places like Wilmette and Kenilworth, in suburban Chicago. Go to Google maps and check out East Wilmette, to take one example.
No, that "Greater Cleveland" population figure from 1950 covers an area that is equivalent to the present 8 country CSA that includes many other nearby urban areas such as Akron. The 1950 population for the contiguous urban agglomeration of Cleveland was 1,392,000 compared to 1,068,000 for Toronto. The 1.26 million for Toronto covered the area equivalent to the present CMA (which is far smaller in area than the CSA figure used for Cleveland. http://en.wikipedia.org/wiki/List_of..._North_America
As for other types of culture, how about theatre, dance, opera, film festivals, literature, magazines, photography, blogs? Heck, even street art and graffiti!
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Never been to Toronto
