IT’S A BUSTLING FINANCIAL HUB BY DAY, BUT AFTER DARK BAY STREET ROLLS UP THE SIDEWALKS

bayst1When the sun goes down over Canada’s Financial District (Simcoe Street to Yonge, Queen to the edge of Southcore, 15 square blocks), there’s a mass exodus. The population diminishes rapidly from over 200,000 during the day to about 2,239 – the folks who actually live there.

Bay at Wellington North_4.30.14 JPRA Census data survey from Environics Analytics for the Toronto Financial District BIA has put the neighbourhood under a microscope and come up with some other facts and figures.

Within the District – there are only 3 residential towers; 2 hotel-condominiums and another under construction. 70% of those surveyed use public transit as their primary commuting mode; 14% either drive or carpool; a significant number who live in surrounding apartment neighbourhoods walk to work, and bicycle use is increasing with the opening of Richmond and Adelaide Street bike paths.

FINANCIAL2A surprising number – 35% – come from outside TORONTO. 64% live in TORONTO, 57% of those polled work in the financial, insurance or real estate sectors, 24% spend $100-$200 weekly on fast food and restaurants in the area. 18% spend $200-$500 weekly on restaurants.

70% have a bachelor’s degree or higher education. 28% speak a language other than French or English.

Path273% use the PATH underground tunnel system daily. “It’s a huge economic driver. It’s a significant piece of the vitality here in terms of how the area works,” said BIA executive director Grant Humes.

PATH6FINANCIAL4

PHOTO – looking northeast from Southcore to Toronto’s Financial District – http://www.urbantoronto.ca

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