According to the City’s latest Economic Dashboard report released on Tuesday the City of Toronto is now officially the fourth largest city in  North America.


The City of Toronto’s population is now estimated at 2,791,140 (According to Statistics Canada).  The new numbers have put Toronto ahead of Chicago’s estimated 2,707,120 population.


Toronto is the Capital of Ontario, and Canada’s largest city but still trails far behind the big three North American markets in terms of population.  Mexico City, at 8,851,080 is the big leader followed by New York with 8,175,133 and Los Angeles’ 3,792,621.


“These population figures are another sign confirming Toronto’s steady growth,” Mayor Rob Ford boasted in a release.  “Toronto is a desirable location for people to live and work. We are attracting people from across North America and other parts of the world.”


The report also said Toronto’s population has maintained steady growth for the last 10 years, at an annual rate of about 38,000 people.


The Economic Dashboard report relied on Statistics Canada’s July 2012 population estimates, released last month, which also revised the city’s 2011 population estimate to add 9,400 people. The latest available U.S. Census Bureau data for Chicago was from 2011.


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