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Originally Posted by isaidso
Paris is wealthier than Toronto, but the other 2 certainly are NOT. I'm not sure why Canadians continually view London as a wealthy city, but the data does not support that. I'm from London originally. It's wealthier than the rest of Britain, but very average by Canadian standards.
Belgravia is not how most Londoners live. Vauxhall is more representative. And don't even get me started on British housing. You'd be shocked if you saw 'average' London housing.
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Based off what I could find London's GDP is 5th in the world, Paris is 6th, Moscow in 9th, and Toronto is like 38th or something way down the list. Another kept London and Paris equal, moved Moscow down to about 11th, and saw Toronto at maybe 24th. The most pro-Toronto list I could find sees Paris a 3rd, London at 4th, Moscow at 11th, and Toronto at 15th. Paris and London both sat at about 750 billion, Moscow 325 billion, and Toronto about 270 billion on Toronto's best and at no point was Toronto above half the GDP of London or Paris.
Yes, the average Londoner might not be that well off, and the average Muscovite certainly isn't, but that's irrelevant when we're talking about the construction of supertall Office Towers and Luxury Condos. The average Torontonian isn't that great off either, at least not compared to the average Canadian, yet there's an exceptional concentration of towers in Toronto because there's a lot of money there, it's just (as always) in the hands of the elite.