Remember, this was a time that Torontonians would travel to Buffalo for a good time.
As a mid-20 year old living in the Buffalo-Niagara region, I find that funny. Now Torontonians/Ontario residents come down to shop.
I been to Toronto three times in my life (the last time in 2006) and I love the city. Looking at all the new developments, the new new excitement, and the growth of the area; Toronto seems to becoming into it's own.
It seems like the mix of immigrants and the growth of Bay Street have really given Toronto it's shine. Looking at the cluster of skyscrapers of the Bay Street banks/financial firms, the salaries they pay and the amount of people; it's certainly given growth to all the great cultural and educational resources of the city, the entrepreneurial spirit, and a bigger profile on the international stage. Throw in the development of world-class companies like the Four Seasons, Sun Life and Manulife Financial, and others, its done a nice job.
Toronto seems to be lost on the international stage, but it is a the 5th-largest metro area North America. It seems like the city blends the demographics and lifestyles very nicely. It just flows from Yorkville to the financial district to the suburbs.
Looking at Toronto now, it seems like it is developing its glamor side. The large developments from the RC, Shangri-La, Trump, and the new FS, along with the designer brands moving in and upscale restaurants opening, it's interesting to see. You see a lot of luxury-to-exotic cars zipping around the GTA. The skyline is changing in a big way, the airport is expanding with a lot of new domestic and international service, and the financial firms/banks based in Toronto are getting aggressive in growth (and if the rest of world becomes more regulated in this area, it will only help Toronto even more). I don't know the numbers, but it seems like Toronto has quite a lot of millionaires and is emerging as entrepreneurial place.
BTW, I know Toronto isn't Montreal in terms of dining, but does Toronto compete very well in this department in regards to the rest of the world?