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Toronto’s Growth – By Crane Count

Blog by Doriana Zohil-Morton, Broker of Record/Owner | July 31st, 2019

Toronto has shown incredible strength, and growth, in the past few years. In 2018, Toronto was named the 4th most liveable city in the world, and the fastest growing city in North America. Backing up those claims is the number of cranes that are up and working hard in Toronto… 120 as of July 2019. This is more than double the number of cranes in any other North American city.

So what’s all the fuss about cranes? Cranes represent active construction, or more simply put, a strong economy. If the economy is strong, there will be demand for offices, retail space, and places for people to live. With an increase of 23 more cranes over last year, Toronto has now topped the list for the third year. Toronto is very much a financial powerhouse.

Each of Toronto’s 120 cranes signify a Toronto real estate development. In fact, of the 120 cranes, 86% are for residential buildings, meaning more units will soon be available for first time home buyers and real estate investors. Surely you have heard and seen all the radio and TV ads for condominium projects currently taking place.

Real estate in Toronto and the GTA is strong. Don’t wait to get into the market. Start now, start small, and stay patient. We can help. Call us today to learn about some exciting new Toronto real estate developments. 416-222-0025.



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We’d love to hear from you, so call us today to book your complimentary private consultation.


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