Green Communities

Toronto's trees worth $7B, TD Bank says

If a tree falls in an urban forest, and it doesn't make a sound, does it have any value?

According to the folks at one of Canada's largest banks, the answer is a resounding "yes."

Beyond more nebulous social and environmental impacts, Toronto's lush canopy of trees are worth about $7 billion to the local economy, TD Bank suggests in a report released Monday.