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January 9, 2003
Toronto tops in economic strength
  
Toronto - A Chicago-based investment company has confirmed what Torontonians
have known for years: this city is tops in economic strength.

"The groundwork we've been laying since 1998 is starting to pay real
dividends," Mayor Lastman said today. "I've said it before and I'll say it
again: Toronto is the greatest city in the world."

The Mayor's comments followed the release of a report by LaSalle Investment
Management Inc. comparing the economic strength of 36 North American cities.
Toronto was ranked first, followed by Atlanta, Las Vegas, Calgary, and
Vancouver, respectively.

Contributing to Toronto's first-place finish were:

· the relatively strong outlook for the Canadian economy compared to the United
States
· Canada's continuing advantage as a low-cost location for doing business
· attractive tax rates in Toronto compared to other major cities.

LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group,
is a leading global real estate investment manager, with more than $23.3
billion of public and private assets under management. Their Regional Economic
Growth Index is a leading indicator of regional economic strength.


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