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. . 8 Honours This section does not cite any sources Please help improve this section by adding citations to reliable sources Unsourced material may be challenged and removed (April 2013) (Learn how and when to remove this template message), The Great Toronto Fire of 1904 destroyed a large section of downtown Toronto but the city was quickly rebuilt the fire caused more than $10 million in damage and resulted in more stringent fire safety laws and expansion of the city's fire department The city received new European immigrant groups beginning in the late 19th century into the early 20th century particularly Germans French Italians and Jews from various parts of Eastern Europe They were soon followed by Russians Poles and other Eastern European nations in addition to Chinese entering from the West As the Irish before them many of these migrants lived in overcrowded shanty-type slums such as "the Ward" which was centred on Bay Street now the heart of the country's Financial District By 1934 the Toronto Stock Exchange emerged as the country's largest stock exchange As new migrants began to prosper they moved to better housing in other areas in what is now understood to be succession waves of settlement Despite its fast-paced growth by the 1920s Toronto's population and economic importance in Canada remained second to the much longer established Montreal Quebec However by 1934 the Toronto Stock Exchange had become the largest in the country In 1954 the City of Toronto and 12 surrounding municipalities were federated into a regional government known as Metropolitan Toronto the postwar boom had resulted in rapid suburban development and it was believed a coordinated land-use strategy and shared services would provide greater efficiency for the region the metropolitan government began to manage services that crossed municipal boundaries including highways police services water and public transit In that year a half-century after the Great Fire of 1904 disaster struck the city again when Hurricane Hazel brought intense winds and flash flooding in the Toronto area 81 people were killed nearly 1,900 families were left homeless and the hurricane caused more than CA$25 million in damage In 1967 the seven smallest municipalities of Metropolitan Toronto were merged with larger neighbours resulting in a six-municipality configuration that included the former city of Toronto and the surrounding municipalities of East York Etobicoke North York Scarborough and York Construction of First Canadian Place the operational headquarters of the Bank of Montreal in 1975 During the 1970s several Canadian financial institutions moved to Toronto In the decades after World War II refugees from war-torn Europe and Chinese job-seekers arrived as well as construction labourers particularly from Italy and Portugal Toronto's population grew to more than one million in 1951 when large-scale suburbanization began and doubled to two million by 1971 Following the elimination of racially based immigration policies by the late 1960s Toronto became a destination for immigrants from all parts of the world By the 1980s Toronto had surpassed Montreal as Canada's most populous city and chief economic hub During this time in part owing to the political uncertainty raised by the resurgence of the Quebec sovereignty movement many national and multinational corporations moved their head offices from Montreal to Toronto and Western Canadian cities In 1998 the Conservative provincial government led by Mike Harris dissolved the metropolitan government despite vigorous opposition from the component municipalities and overwhelming rejection in a municipal plebiscite All six municipalities were amalgamated into a single municipality creating the current City of Toronto the successor of the old City of Toronto North York mayor Mel Lastman became the first "megacity" mayor and the 62nd Mayor of Toronto John Tory is the current mayor 21st century. . Thirty Mile Point Light, Windsor Express Basketball NBLC Windsor WFCU Centre, 5.4 Houses of worship 7.1 Federal politics 5.1 Ethnic groups. . .

360-degree panorama of Toronto as seen from the CN Tower in 2008 Lake Ontario and the Toronto Islands is in the centre background Architecture. . . ; 10.2 Transportation Tunnel boring machine for Line 5 Eglinton being extracted in 2017. .