TD Economics Releases New Report on Value of Urban Forests Across Canada
Sep 25, 2014 12:00 PM ET
TD Economics has released a new report that looks at the value of trees and green spaces from an economic perspective in Halifax, Montreal and Vancouver. The report shows that urban forests do much more than green our neighbourhoods. For example:
- At $16 million per year, Montreal's trees help to reduce the city's water treatment bill by over four per cent per year
- For each dollar spent on forestry in Greater Vancouver, residents received at least $4.59 in benefits each year
- Halifax receives almost $13 in annual benefits for every dollar spent on forestry
To read the full report, visit The Environmental Value of Urban Forests in Cities Across Canada [http://www.td.com/document/PDF/economics/special/UrbanForestsInCanadianCities.pdf]
