Toronto's last Olympic bid was for the 2008 Summer Games. Since then, there have been several changes that could affect the city's chances of landing the 2024 Games if it decides to bid.

Here are five:

1) Pan Am and Parapan Am Games: Toronto showed it can organize and stage a massive international multi-sport competition and muster enough public support to draw tens of thousands of volunteers and sell more than a million tickets.

2) New and upgraded sports facilities: As a result of the Pan Am Games, the Toronto area has several new sports venues, including a velodrome and an aquatics centre. Toronto Mayor John Tory has said the city can now host international competitions that could previously only be held in Vancouver.

3) New IOC rules: The International Olympic Committee recently changed its rules to encourage bidding cities to use existing or temporary facilities rather than building everything from scratch. This means Toronto could reuse many of its Pan Am venues.

4) Transportation: The committee looks at how quickly participants, spectators and officials can travel between venues and in the region. Toronto recently launched an airport rail link, but traffic remains a perennial problem.

5) Investment in sports: Toronto's last bid raised concerns about the city's commitment to fostering sports in the community. That led to the creation of the Toronto Sport Council, a non-profit organization meant to promote active living and access to sports. However, some experts say little progress has been made, particularly in helping underprivileged and under-served communities access sports.