I don't think he was insulting Toronto. People's perceptions are of interest; sometimes they mirror reality, sometimes they don't. It's through dialogue that we learn about other places.
Honestly, I was a little surprised by the PriceWaterhouseCoopers ranking, but Dubai, Chongqing, Shenzhen, and Guanghzhou weren't part of the study. Toronto may have less development than those 4, but I'm not sure. That Toronto was ahead of Shanghai, New York, Hong Kong, and Tokyo wasn't a surprise though. I left a link to that study, so all the cities and metrics are there to be combed through.
Toronto is very likely ahead of those other Asian cities unless one is talking about 'super talls', of which Toronto isn't building any.
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