Turns out, frozen yogurt and burritos were Toronto’s biggest restaurant trends in 2011
Last week, the NPD Group released a report full of interesting revelations about this hungry city’s eating habits and the effects they have on restaurants. The bad news is restaurants suffered: 60 per cent of all Canadian restaurant closures in 2011 happened in Toronto, with independent “ethnic” restaurants bearing the brunt of it. Not suffering in 2011 were froyo shops and burrito joints, which opened more locations than any other category (whether this constitutes good or bad news is debatable). The actually good news is that a January report from the same group predicted that Canadian restaurants would experience a 10 per cent increase in traffic over the next decade (outpacing projected population growth), and given what we saw in March, April and May, we think the market is making a healthy turnaround.