.With
a population of approximately 2.4 million people,
Toronto is Canada's largest city and the main business
center.
It is also the country's most ethnically diverse
metropolitan region with more than 80 distinct communities
from Africa, Asia, Europe, and the Americas.
The
city, on the north shore of Lake Ontario, was established
on March 6, 1834 when the British settlement of
York - founded as the capital of the new province
of Upper Canada by Lieutenant Governor John Graves
Simcoe in the 1790s - was renamed Toronto. By then,
the settlement had a population of approximately
10,000 people and was well on its way to becoming
Canada's dominant center. Today the greater Toronto
region has a population of approximately 4.7 million.
The
city is home to three professional sports teams
that play in north American premier leagues - the
Blue Jays (baseball), the Maple Leafs (hockey),
the Raptors (basketball), - and boasts the third
largest English-language theater district in the
world after New York and London. There are also
an estimated 7,000 restaurants in the city and some
of the finest shopping in the world. Fortune Magazine
has ranked Toronto as "the best international
city in which to live".
Distinct
neighborhoods include little Italy (west of College/Bathurst,
Queen Street West (a soho-style strip east of Spadina
Avenue), the Entertainment district (boundedby Front
and King Streets, University and Spadina Avenues),
the fashion district (Spadina and King), Greektown
on Danforth Avenue, Little India (Gerrard Street
East), and three Chinatowns.
English
is the predominant language of Toronto, although
both English and French are official languages.
Most government services are available in either
language. There are large ethnic populations including
350,000 Chinese, 400,000 Italians, and 127,000 Greeks.
Dual-language street signs can be found in areas
such as Chinatown, Little Italy, Little Portugal,
and other communities.
The
climate is considered to be temperate with average
temperatures of 7.4C (45.3F) in spring, 20.7C (69.3F)
in summer, 10.8C (51.4F) in autumn, and -3.3C (26.1F)
in winter.
International
cost-of-living comparisons show Toronto to be one
of the least expensive major cities in the world.
According to Statistics Canada, the average household
in Toronto spent approximately $58,860 in 1996 (the
latest available figures) of which approximately
25 per cent was for personal taxes 19 per cent for
shelter 11per cent for food, 12 per cent for transportation,
5 per cent for recreation, 5 per cent for security
and 4 per cent for clothing. After Vancouver, Toronto
is the second most expensive city in which to live
in Canada.
Compared
to other leading cities around the world housing
costs in Toronto are relatively low, but are considered
high in North American terms. The average house
prices are the second highest in Canada after Vancouver
and among the highest in North America. However,
residential electricity rates in Toronto are considerably
lower than in the United States.
The
city has one of the world's most highly skilled
workforce's and is a leading North American center
for the emerging high-tech sector. Anestimated 40
per cent of people over 18 have university degree,
trade certificate of college diploma, and 56 per
cent have at least one year of post-secondary education.
Lower labor costs compared to other major financial
centers, the skilled labor force, and air links
to more than 300 destinations all over the world
makes Toronto a sought after location for international
businesses.
People
keep coming up with different ways to identify this
vibrant, exciting place. Hardly anyone fails to
mention Toronto's multiethnicity, but more and more
people, from style makers to financial wizards,
are discovering new adjectives for Toronto: hot,
fun, friendly, stylish, efficient and lots more.
Some
Interesting Facts about the City of Toronto.....
- The
longest street in the world was mapped 200 years
ago -Yonge Street now stretches North and West
for 1,900kms
- Almost
60% of Ontario's workforce has college or university
education.
- Ontario
is the world's second largest nickel producer,
8th largest gold producer and 12th largest copper
producer.
- Ontario's
economy is world class and globally oriented.
In 1999 it grew 4.2 per cent, a greater rate
than any G-7 country.
- 70%
of the world's Internet traffic goes through
Ontario's Nortel Networks equipment.
- Ontario
in Canada's financial center. Three quarters
of the banks in Canada have head offices in
Ontario.
- Toronto
has been called "Hollywood North"
because of it's popularity as a film and television
production center.
- Toronto
is consistently ranked one of the world's best
cities to live and do business in - United
Nations and Fortune Financial
- Toronto
has the highest proportion of immigrants of
any city in the world, at just under 50% of
its population.