The markets in the two largest cities of Toronto and the Greater Toronto Area are being transformed, according to a new report.
The report, titled Fresh Markets in Toronto: The Impact of New Management and New Markets, says Toronto’s new management team is changing its ways and has been looking to replace the market with more of what it sees as “green” areas.
In Vancouver, it says a number of initiatives are being taken to grow the region’s fresh markets and increase the competitiveness of the market, which are often the heart of their economies.
What’s more, the report suggests that the province will likely have to find new ways to finance the Fresh Markets, including a $1.2-billion debt facility to support the operation of the markets.
That could prove difficult.
The Ontario government’s $1-billion plan to develop the Greater Vancouver Regional District is the province’s biggest program in terms of its scope.
While the plan is a big draw, it’s a program that was originally designed to support a region that would then be part of the larger province.
The federal government is also considering expanding the plan, though it’s yet to announce any decisions on it.
The Fresh Markets have long been a sore point for the provinces and governments of both Canada and the U.S. The provinces have long complained about how they are left behind in terms, and often the market itself, of what is called “market efficiency.”
The Fresh Market is the biggest market in Canada, accounting for almost 80 per cent of all fresh produce sold in the province, and about 40 per cent, according the U