Toronto Life

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Toronto Life

THE CONVERSATION

EDITOR’S LETTER

Smashing Success • Regent Park’s 20-year revitalization hits its final milestone

Strings Attached • Country music’s barrier-busting cowboy Orville Peck is tearing through 2024 with a new album, new collabs and a new outlook on life

Ego Meter • WHAT’S MAKING AND SHAKING THE CITY’S SELF-IMAGE

Cost of Living • What Torontonians earn and how they spend it

The Audit • AN APPRAISAL OF THE MONTH IN MONEY

Urban Diplomat

WHO EARNS WHAT • Groceries, rent, inflation, shrinkflation—Toronto has never been more expensive. What better time than now to obsess over other people’s incomes?

THE BILLIONAIRES CLUB • Toronto may not have Bezos, Musk, Buffett or Gates—i.e., the triple-digit b-boys—but it does have bona fide billionaires, several of whom are featured below, and they are doing just fine, thank you. Topping the list for net worth by a country mile: media magnate David Thomson.

THE MONEY MANAGERS • Collectively, the heads of Canada’s Big Five banks sit atop nearly $8 trillion in assets. And with roughly 100 million clients in total, that’s a colossal responsibility. To offset the stress and angina, they’re rewarded handsomely. Last year, the CEOs pulled in an average salary of $11.5 million—despite all but RBC’s boss missing their performance targets.

NHL, MEET PWHL • After more than 20 years of false starts, women’s hockey finally has a viable professional league—and Toronto has another on-ice team to cheer for and wail over. So how do the Leafs and PWHL Toronto measure up?

THE DEAN’S LIST • Before the federal government clamped down on international student numbers, Ontario colleges were accepting massive cohorts and raking in big profits. Conestoga College in Kitchener took in more than 30,000 foreign students in 2023, up from 6,000 in 2018, while Brampton’s Algoma University went from 215 foreign students in 2018 to 9,000-plus last year. The presidents of those colleges received 21 and 41 per cent raises, respectively, in 2023.

THE HEALTH HONCHOS • Roughly 2.3 million Ontarians are without a family doctor, and after three years of capped wages, many health care practitioners are calling it quits. In its latest budget, the province is investing $3 billion into the health care system, much of which will go toward wages and recruiting staff. That includes a $965-million funding bump for hospitals. Here are some of the CEOs who will be managing that cash.

THE BATTLE FOR Leslieville • Last summer, when a stray bullet killed a young mother near the South Riverdale supervised consumption site, it sparked a vicious fight between area residents. One year later, tensions are high, neither side will back down and the opioid crisis rages on

CRITICS OF THE CENTRE • Residents who live in the immediate vicinity of KeepSix

SUPPORTERS OF THE CENTRE • Members of the Harm Reduction Coalition

THE CENTRE STAFFERS • Long-time employees of KeepSix

ScAtteR BrAin • Five years ago, hardly anyone was talking about adult ADHD. Now it’s all over social media, and self-diagnosis is rampant. How a complex neurological condition became the new superpower

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Marital Arts • Three Toronto couples who celebrated their nuptials in spectacular fashion

Irene Kim • What the lawyer turned stylist is coveting in home decor

East End Upsize • This condo dweller always wanted...