Toronto Region Board of Trade and Economic Prosperity

regional job growth: The Crombie panel did not examine the existing land-use planning regime impacts on regional job growth and economic prosperity . It did not even consider the Toronto Region Board of Trade annual Scorecard on Prosperity reports, which emphasize that improving the Toronto region performance is imperative because productivity growth is essential to maintaining and raising living standards, according to Globe and Mail. Other things being equal, reducing costs imposed on businesses by the land-use planning regime will lead to enhanced economic productivity and a higher standard of living. Despite this, the Crombie panel recommended, and the province has embraced, the idea that the regional land-use planning framework be toughened further toward promoting a vision and goals that already are skewed in favour of the environment. But significant direct and indirect economic costs result from a complex, multilayered and restrictive land-use planning regime such as the one Toronto has. Examples of indirect costs are the higher cost of real estate and suboptimal location options for businesses and households. Examples of direct costs include private-sector compliance costs, governmental planning administration costs and foregone incomes and employment from building small apartments rather than larger ground-related homes. (www.immigrantscanada.com). As reported in the news.