Yes. Let me explain why....
Rob Ford, and recently George Smitherman have both indicated that property taxes need to be lowered (not raised more slowly as the current administration has done) in order to facilitate job creation in the city. During an election campaign I don't think that they would be shouting this from roof tops as it implies that the residential class will have to make up for it. Which would translate into a platform of, we will raise your taxes. Not something that is conducive to getting elected.
No one has championed this issue. Toronto has an embarrassing level of unemployment, with a trend that is alarming. I cannot unequivocally say that that Rob Ford would be better than George Smitherman. I can easily speculate that both would be better than Joe Pantalone. With the opinion that any meaningful re-balancing will not take place in the current climate, there is some practical reasoning that the candidate that proposes to spend the least will produce the greatest benefit regarding this issue. As a side effect though, not as a direct policy. Now if we look at the financial platforms (which all leave much to be desired) we still see that Smitherman's is predicated on many on time sources of revenue*. If I, as someone who worries about the long term fiscal health of Toronto, would like to see growth in the area of assessment that drives revenue, not the side that drives expenditures (residential) , my choice whittles down to one. Is it perfect? Far from it. Is it rational? IMHO, yes.
*For 2011, 391 million dollars of Smitherman's plan is explicitly unsustainable. 100 million from selling Enwave, 65 million from selling city land and 76 and 150 million from prior year budget surpluses. That does not include the 100 million in wishful thinking to come from the province to help pay for the TTC. In 2012, 391 million dollars will not be recurring. If the province will not come through with the 100 million for TTC funding his 2012 budget will start off with a 491 million dollar hole to fill.