From Deficit to Discipline: Toronto’s Budget Bounceback
Toronto’s finances are stabilizing. How Mayor Chow inherited a $1.8B shortfall and turned it into a $600M improvement in just one year.
Budget
More Trains, More Buses: TTC Boosts Subway and Bus Service Levels
The TTC has added six extra trains on Line 2 in order to offer trains every ~2:20 during morning rush. Mayor Chow focused on rebuilding transit capacity and reliability.
Toronto’s Development Boom: Over 800 New Applications in One Year
The City received 800+ development applications in 2024 alone. A sign of increased investor and developer confidence under new policies.
S&P Global Raises Toronto’s Credit Rating for First Time in Over Two Decades
City’s updated long-term financial plan, prudent financial management, and the new Ontario–Toronto Deal which provides significant new funding for transit and housing.