From the IGDA Toronto Chapter forums:

Greetings folks! This is the official announcement of TO Jam 2. This years event promises to be bigger, more exciting and prestigious than last year. We currently are able to confirm the following information about the event:

-Will be held in the downtown Toronto area
-Event will happen May 4,5,6
-Refer to the event website http://www.tojam.ca for the latest news and developments
-Refer to the discussion forums to talk about your ideas, look for team members and ask questions about the event

If you live in Toronto, then this is probably a good event for you to participate in. By participating in this kind of event, some pressure will be put on you, and the chances of actually coming up with something gets better – it’s good to start May 4 with the idea that you will have a “complete game” by May 6. Also, participating in events like this allows you to meet up with other game developers – the event itself is a natural venue for working on a game as a team.

To get you started, the TOJam organizers have made available some frameworks that you can use with the games. One may be used with Flash, the other with Pygame. Unfortunately, the Pygame framework isn’t available for download yet, but details about it may be found on a pygame-users message from last year.

Hopefully, our local IGDA chapter will organize something like this as well :) .