Toronto 4th ‘most attractive’ global city: survey
TORONTO – Toronto has been named the fourth most attractive city in the world, according to a survey published on Tuesday.
It was the only Canadian city to make the list.
The annual survey from PwC ranked 30 destinations worldwide for several factors including education and technology, quality of life, ease of doing business, health and safety, economic clout, and transport.
“It doesn’t matter what size a city is to be successful,” said PwC’s U.S. chairman Bob Mortiz. “Cities are increasingly competing for talent and are working hard to capture the promise of growth from the many opportunities in today’s rapidly changing world.
For the first time, London took the top spot in the ranking with New York and Singapore close behind. San Francisco and Paris round up the top six.
TOP 10 CITIES OF OPPORTUNITY
- New York
- San Francisco
- Hong Kong
The Ontario capital also tied with London for first place for public transportation systems. The score was based by looking a the efficiency, reliability and safety of public transport networks as defined and rated by the Mercer Quality of Living reports in 2013.
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Cities also received additional points for each multi-modal transport system available to the public including: subway, bus transit, taxi, light rail, tram/trolley/streetcar, commuter rail and bike share system.
“People are looking for more potential for personal opportunity while demanding critical elements to increase quality of life,” said Mortiz. “It’s the top ranking cities in this year’s study that are demonstrating the foresight that is needed to adapt, stay competitive and thrive for a sustainable positive future.”
The study shows that top ranked cities embody the energy, opportunity and hope that draw people to city life. High performing cities also find the right balance between social and economic strengths in a world being quickly shaped by inescapable global trends.
While Singapore dominated among the cities in transportation and infrastructure, the difference in score between the Asian city and the number two Toronto is great.
“Singapore clearly understands the fundamental role of infrastructure in a city’s development and in its contribution to the well-being of its citizens,” read the report.
Paris came in first in terms of “intellectual capital and innovation” while Stockholm, Sydney and Toronto tied second for health, safety and security.
FULL REPORT: Cities of opportunity 2014
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