A high-tech neighbourhood designed by Google’s sibling company has been pegged as a way for Toronto to become a hub in the burgeoning field of urban innovation.

“From a very practical perspective on an economic development basis, the smart cities or urban innovation area is a booming area that some would say is a $25 trillion dollar opportunity worldwide,” said Kristina Verner, vice president of innovation, sustainability and prosperity at Waterfront Toronto.

“Canada is really poised to be the beneficiary of … this project to actually be that cluster’s home. And the job creation that will come from that, the secondary job growth, could be immense.”

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