Yes, the Toronto sign has moved. But before you freak out and start mourning the loss of our city's multi-coloured marquee, the sign has moved just a few metres away and now resides at the east side of Nathan Phillips Square next to Bay.

According to a CTV News report, the city moved the sign for the Parapan Pan Am Games closing ceremonies, which are happening in the Square at 8 p.m. on Saturday night.

Along with musical entertainment, the Games will conclude with a fireworks show. But don't look southward towards the CN Tower because these fireworks will erupt from atop City Hall.

While the Pan Am Games wrap up this weekend, the sign will be relocated again for another year, meaning you still have plenty of time to photograph it in its rather iconic location.

What do you think of the Toronto sign's new location? Let us know in the comments.