Did You know that Toronto is a new High rise Metropolis?
In my recent blogpost ‘Is Manhattanization of Toronto is Really Here ?‘ I briefly mentioned the statistics of a growing number of new high-rises in Toronto. Today, I decided to go deeply into the details and compare Toronto with other Northern American Cities.
According to the German company Emporis , the world’s leading database of buildings, Toronto currently takes 1st place in high-rises and skyscrapers under construction with 145 construction sites which is almost twice as many as New York City, the center of High-Rise architecture in North America.
This chart is showing us that no other major city in the U.S. or Canada comes even close to Toronto’s high-rise construction activity. Vancouver gets 3rd spot, with 21 high-rises under construction; Montreal follows close behind with just one site fewer. Ottawa and Richmond (Brittish Columbia) and Boston- the three cities in joint eighth place, have only 12 high-rises each being built.
Toronto’s construction industry has seen a continuous upward trend over recent years.October 2012 alone saw 15 high-rise building sites more in Toronto than November 2011. In New York City in the same period, on the other hand, construction of high-rises decreased by just under a fifth, from 86 in September 2011 to 72 in October 2012.
Will Toronto be able to compete with New York City in terms of total number of completed high rises in ?
Not at the moment… despite the current construction boom, Toronto is 3500 high rises buildings behind from ‘the Big Apple’
There are currently 6,009 completed high-rises in the city on the Hudson; Toronto, by contrast, has 2,501. By way of further comparison, Hong Kong, with 7,829, is the city with the most high-rises and skyscrapers in the world.
Under high-rises we understand a multi-story building of at least 35 meters, or of 12 to 39 stories if the height is not known. Those at least 100 meters tall, or 40 stories and more, are classed as skyscrapers.
Don’t miss your opportunity to secure a unit for yourself in one the most fast growing city in the world.
Call me and I will be happy to provide the detailed info on any condominium project available for sale in the market.
SUTTON GROUP ADMIRAL REALTY BROKERAGE