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Toronto named second best city worldwide: report

Elena Elisseeva/Getty Images/Hemera

Toronto ranks number 2 in the world as a city of opportunity, according to a new report from PriceWaterhouseCoopers.

Trumped by New York City, Toronto stood out among the world's "metro powerhouses" in the areas of finance, tourism, livability and innovation - and was the only Canadian city to make the cut.

The city ranked #1 in terms of quality of living, clean air, sports and leisure, as well as skyscraper construction - if you count that as a positive.

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Where did T.O. fail? The cost of public transportation - three bucks a ride thanks partly to the strongly unionized TTC.

Still, the city beat out 24 other juggernauts, including London, Berlin, Chicago and Hong Kong.

In an interview with The Atlantic, the report's chief architect Merrill Pond said Toronto was benefiting from Canada's immigration policies:

"A great city is all about growing, retaining and attracting talent."

Would you take any of the other 25 contenders over Hogtown?

Editor's Note: The TTC is expensive for a variety of reasons, including a lack of government funds and unionization of its employees. This text has been revised.

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