So Toronto actually did something good transit-related today. They approved multiple proposals and changed others to get several new subway, rapid transit and light rail lines built, many of them in time for the 2015 Pan-Am games. Something like 13-18 billion dollars in total.
Here is a list of the project that are going to be built or are already under construction.
Air Rail link:
http://media.thestar.topscms.com/ima...6724e87b5.jpeg
Eglinton Crosstown:
http://www.toronto.ca/involved/proje...rt/pdf/map.pdf
Shepard Subway extension (the purple line in this image):
http://ttcmultiplat.files.wordpress...._extension.jpg
Spadina subway extension:
http://upload.wikimedia.org/wikipedi...RTmap-2007.svg
Finch LRT:
http://www3.ttc.ca/PDF/About_the_TTC...e_diagram1.pdf
Scarborough RT retrofit/extension:
http://www.toronto.ca/involved/proje...it/pdf/map.pdf
...and an extension of the Yonge subway and other LRT routes are also planned but not yet approved.