We're working on it: http://www.metrolinx.com/thebigmove/en/default.aspx
The growth plan has been in place for over five years now and it is obviously having a big impact on development patterns however the transit and transportation investments required to make it work are lagging behind. It takes a big investment from upper levels of government but no one will see sigificant improvments on the ground for another five to twenty-five years. Everybody is behind this plan but politicians are baulking because they could also spend the money on shorter-term projects that will give them a higher profile before the next election (the Mayor of Toronto is particularly guilty of this).
As a related sidebar the City of Toronto council just sat through a 24 hour session debating how to bring the budget under control. The mayor wants to slash services. The public are generally resigned to paying higher taxes in order to get a better City. In a recent survey transit was the number one service people were concerned about losing or not expanding fast enough, yet the mayor wants to cut transit services and use the money build a subway line that isn't needed.
(Survey PDF - http://www.toronto.ca/legdocs/mmis/2...file-39507.pdf)
(Newpaper article about council session - http://www.thestar.com/news/article/...l-meeting-ever)
edit: I also just came across this. http://www.citytv.com/toronto/cityne...ecommendations
CivicAction is headed by the former Conservative Party leader John Tory and is partnered with the Toronto Board of Trade. Here's their quote on transit:
"There is no way to sugar-coat our transportation crisis," the report says, noting that the cost of congestion will soar (to $15-billion from $6-billion a year by 2030) and air quality will deteriorate if transit and transportation investments are not made. Recommendation: Governments should study and commit to long-term funding sources. Everything from parking levies to regional sales taxes to road pricing should be on the table. CivicAction will take a lead role to "broaden public and political support" for funding a regional transportation plan.