Toronto is a city that by all metrics ranks among the top in the world.
Tech, livability, unaffordability – indeed, Canada’s de facto capital seemingly has it all.
Perhaps most importantly, Toronto is very well positioned to maintain its glory in the years to come. According to a report by the World Economic Forum, which uses data from the City Momentum Index 2018, Toronto is the 9th-best city in the world for long-term success.
So, what does it mean? The index identifies cities at the forefront of the innovation economy based on factors such as the number of tech firms, education, environment, transparency, infrastructure, and international patents. By that definition alone, you can probably guess which city is in the number one spot. That’s right. San Francisco. San Fran is followed by its southerly neighbour, Silicon Valley, which is technically not a city but nevertheless has all the tech clout to beat out third-place New York City. London and Boston round out the top three, respectively. The top 10 below:
“By investing in and leveraging their strengths in technology, physical and digital connectivity, quality of life and sustainability, [these cities] are positioned to maintain their performance into the future in this new competitive landscape,” reads the report, which also analyzed short-term momentum.
Short-term momentum ranks cities with urban economies and real estate markets currently undergoing the most rapid growth. It’s no surprise, then, that the top 10 features cities exclusively from Asia:
The top 30 cities for long-term success, meanwhile, features 12 cities from the United States, 10 from Europe, and 5 between Canada and Australia (Vancouver ranked 19th while Montreal finished 26th).