The Honda Indy that has raced around Exhibition Place for 40 years will move in 2026 to Markham under a five-year agreement — a change sparked by scheduling conflicts with the FIFA World Cup but one that could see Toronto lose the race for decades to come.

The move, announced Wednesday morning, means Toronto will lose part of the $50 million the race added to Ontario’s economy and the 150,000 fans it attracted in 2024.

The race has been hosted at Exhibition Place since 1986 and is the second-longest running IndyCar street race. It had been operating on one-year contracts with the city the past two years.

“There’s a lot of cities lining up right now to be an NTT IndyCar Series host,” said Jeff Atkinson, president of the race. “If we took a year off from Exhibition Place and Ontario, th

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