GDP growth and Toronto

Don Campbell was recently on the Hour telling us Torontonians why Hamilton would be a better place to invest than Toronto. Crazy? No



Picking up on my GDP example from my previous post I remembered an article I read in the Hamilton Spectator. the article noted that Hamilton ranked 7th of all the cities in Canada to do business (see here). Toronto didn't even break into the top 10.

Here's why: it costs too much in Toronto to do business. The article states:

It would cost a 300-person insurance firm or IT company at least $2 million more a year to operate in Toronto than in Hamilton.

So jobs are more likely to be created, real estate is generally cheaper...won't this increase the population? Won't more people working in a town mean more tenants (driving up rents) and more demand for housing (driving up prices).
Amid the bad news, take a look at the back pages to find the opportunities (I mean for clips like this, not the classifieds)