Passage 1

I’m very happy to talk to you about how the City of Toronto endeavors to turn itself into a green city in the process of economic integration with its surrounding cities. Toronto is a mature municipality and has limited greenfield development potential.
    The Greater Toronto Area has one of the most diversified economies. The largest economic sectors include aerospace, biomedical industry, food processing industry and business services.
    Due to the urbanization, they have spanned across municipal boundaries. Therefore, measures are taken to allow high value added business operations to locate within the City.
    Traditional heavy manufacturing operations are relocated in the surrounding areas, where the realty taxes are lower and there is a plenty of available land for greenfield development.