There's a huge parking lot next to a Coffee Shop in Toronto where all the car lovers meet on Thursdays and Fridays (Mostly, but they gather every day of the week during the summer) I think the parking lot takes about 100 or so cars and sometimes there's no where to park..
Then some groups leave together and go race in certain spots in Toronto... Unfortunetly even if you're cought watching races more than once, you get a notice from the police that your insurance company has been notified and that if you are seen at another race you will most likey be charged or your insurance company will drop you..
What we do is we take my friend's 86 Honda Civic GL and go watch because even if we drive by the cop and speed he won't pull us over since the car doesn't go over 60km/h anyways!
But it's fun to watch, not fun to get cought... They're do traps and all kinds of procedures to eliminate street racing. The funny part is most of these people are young (18-19 year olds) who just want to establish something like the Fast & The Furious movie.
It's fun to see every one in a while but gets very boring after a bit...