- from ‘Economic Dashboard’, Economic Development Committee, Toronto, November 15th 2011
Wow. – vreaa
One word: insane!
Looks like a soft landing is in the cards for Toronto.
Well, should be good for rental rates in Trawnta.
Population of New York City – 8 million people.
Population of Mexico City – 21 million people. (Mind boggling)
Population of Toronto – 2.5 million people.
No wonder I keep on reading about the “over heated Toronto condo market.”
Laugh all you want, but in another year the population might be 2.55 million! How are we ever going to cope with growth rates of *2%* ? We’ll need thousands more high rises I’m sure.
What is the definition of a high rise, how many stories? it seems that there are more than 11 cranes around vancouver?
Given they have broken out Toronto and Mississauga I expect Greater Vancouver would be higher.
163 seems rather frothy though.
Historically, I would say over 10 stories. Most nowadays are over 20 though.
Yet you still find lots of people who think that investment condos are a great way to build wealth, or that what’s happening in the Toronto condo scene won’t affect the rest of the real-estate market.
Emporis counts a high rise as a building that is 12 storeys to 39 storeys. Beyond 39 counts as a skyscraper. Toronto currently has more high rise buildings than Chicago but less skyscrapers.
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