Each Toronto tree valued at about $700

Hug a tree – it’s saving you money, according to a report from TD Economics released Monday.

According to a new report, the trees in the City of Toronto’s urban forest are worth an estimated $7 billion, or about $700 per tree.

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.

Toronto’s urban forest is worth $7-billion — or $700 a tree | Financial Post

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