Maybe it’s time to rethink the age-old saying “money doesn’t grow on trees.” According to a new report from TD Economics, Toronto’s dense, urban forests are providing more than $80-million of savings and environmental benefits every year. The report looks at Toronto’s urban forest of 10-million trees from an economic perspective, calculating the value each tree provides by saving energy, keeping rain and snow off the streets, and absorbing pollution. Even with maintenance costs factored in, the city’s trees are returning between $1.35 and $3.20 for every dollar spent.
Although the report focuses specifically on Toronto, the value in planting and maintaining trees can be attributed to any city in which you live. In fact, benefits can have more than just monetary value. Beautification, green space for recreation and importance to the residents are benefits that are difficult to calculate or define, yet still contribute to the landscape of a thriving community. The report also found that a mature tree canopy adds significantly to property values, adding yet another layer of economic benefit.
York Region already has plenty of recreational parks and green spaces that enhance the beauty of its towns and cities. The vivaNext projects will further enrich these communities by ensuring plant installation and growth well into the future. In Richmond Hill and Markham alone, approximately 292 trees and 4,910 perennials and grasses will be planted along the Highway 7 East corridor and boulevards. Our challenge with new plantings is to get them to thrive in the first 2 years, but luckily all new plants and trees come with just that – a 2 year warranty! Further planting and new greenery will also be installed on BRT corridors in Vaughan, Newmarket, and Richmond Hill, once construction is complete. Details about the different types of trees and the selection process can be found in a previous posting.
Our hope is that the growth and maturity of the greenery reflects the prosperous growth of York Region over time. Especially during these warm summer months, get out and appreciate the beauty and colour that surrounds you. Hug a tree!