The credit for getting out of the great depression belongs to Mariner Eccles. It was his in deniable logic in front of the Senate Committee that enticed FDR to make him chairman of the federal reserve. "As mass production has to be accompanied by mass consumption, mass consumption, in turn...

You could make the same argument about the KKK wanting to rent your basement.

If you cannot make the distinction between enabling, which is often inadvertent or unavoidable, and promoting then there really is nothing to talk about. Here is what she said.......... "I also had a mission to push to have Toronto designated as a trading hub for yuan, which is the Chinese...

She cannot change China's monetary policy, but she should not be supporting it. If people like you cannot apprciate that and have no expectations of her to do otherwise, she is not powerless. Having no expectations empowers her to use her media exposure to further her own ambitions. At others...

If she really had the welfare of Torontonians at heart she should have been pressuring China to stop manipulating its currency. Facilitating its use dose us more harm than good.

Memph, it does not appear that you are making a distinction between operating and capital costs. Nonetheless your model seems to suggest that there is a scenario which could produce a surplus. This alone makes makes it implausible. I did some research on this for Don Drummond when he was at TD...

We are approaching new a new low in office construction. See page 31 here http://www.cbc.ca/toronto/features/stuckintraffic/docs/transition.pdf

canarob, Corporate property taxes are still higher than residential ones, so they are only 'rock bottom' compared to Toronto's. Nonetheless, when it comes to Municipalities and the requirement of balanced budgets, looking at only the tax revenue side of the equation can be misleading. As...

Not compared to Public Transit users, they are not.

Clue?...... to big to fail

The city is later than most at posting its F.I.R. data. 2012 should appear before Nov.

You can get most of the info you want here ....... http://csconramp.mah.gov.on.ca/fir/View/MULTI-YR-Toronto%20C.xls

RC8, While I am no big fan of Walmart, one thing they never do is use loss leaders. Except, perhaps with milk and eggs. They are also more honest with labeling country of origin. Unlike most designer clothing.

Adjusted for inflation after ten years an annual 5% price increase would mean housing is 43% more expensive in Toronto than 10 years ago. Un-adjusted the increase is 63%. On the other hand wage growth has been growing slowly. Sometimes even falling ...

What sort of demographic trend, stupidity?

Mithras, Just because our bubble was smaller does not mean it was not a bubble.

CVA. Its urban form did not change.

Toronto population density.... 4,149/km2, Mississauga ..... 2,439.9/km2. Toronto's cost advantage in supplying municipal services..... $0. You can make the comparison with any other municipality in Ontario and you will find similar results. Again, property taxes per square foot is a bull shit...

How many cars public transit can replace is not the issue. You seem to think that Toronto (or cities in general) have a divine right to have a public transit system that facilitates the density. Density, at least once you factor in the cost of supporting it (and the incidence of such), is not...

Prove it.