Urban Forests: The Value of Trees in the City of Toronto

Urban Forests: The Value of Trees in the City of Toronto

TD Economics Special Report

Multimedia from this Release

Wednesday, June 11, 2014 - 12:30pm

CONTENT: Article

In this special environment report, TD Economics examines the economic value of the environmental and social benefits provided by Toronto's 10 million trees.

Highlights:

  • Urban forests are made up of the trees, shrubs and other flora and fauna that line the streets, parks and ravines of our cities.
     
  • Urban forests do more than beautify the scenery. They represent an important investment in environmental condition, human health and the overall quality of life.
     
  • The trees in the City of Toronto’s urban forest are worth an estimated $7 billion, or about $700 per-tree.
     
  • Toronto’s urban forest provides residents with over $80 million, or about $8 per-tree, worth of environmental benefits and cost savings each year. For the average single family household, this works out to $125 of savings per annum.
     
  • For every dollar spent on annual maintenance, Toronto’s urban forest returns anywhere from $1.35 – $3.20 worth of benefits and cost savings each year.
     
  • Maintaining the health of our urban forests is the best way to protect the value of our green investment.

To read the full report, visit: http://bit.ly/Sry9sl

CATEGORY: Environment