01 Nov Toronto Tops List For Number of Cranes In North America
Toronto tops the list for high rise construction in North America once again.
The number of operating tower cranes in major cities across North America is tracked biannually by Rider Levett Bucknall and Toronto had 120 active tower cranes in July, an increase of 16 cranes since January and 23 since the same time last year.
“It’s a way of visually tracking the change in the construction environment in the major cities across the U.S. and Canada and we do this in other countries as well,” said Joe Pendlebury, RLB senior vice-president. “It’s something that is simple to identify. People drive to work every day and they seem to see more and more cranes so it’s just one way of indicating the construction vitality of each of the major cities and it’s a simple way of tracking development from year to year to see if there are more cranes.”
The number of cranes in Toronto is the highest for the fourth consecutive term and is more than double the next highest city on the list.
It’s also the highest number of cranes since RLB started the Rider Levett Bucknall Crane Index.
68% of the developments are residential and 14% are mixed-use, with another 400 high rise projects proposed.
There are another 246 cranes in the surrounding GTA showing strong confidence in the market.
“The construction industry continues to demonstrate growth, with projects coming to completion almost at the rate others are breaking ground,” states the index. “We forecast this trend to last through the end of the year.”
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