Toronto on Track to Surpass Chicago in Skyscraper Rankings

It looks like Canada's largest city may soon outpace Chicago when it comes to towering skyscrapers.

Toronto is currently on pace to move up in North America’s skyscraper rankings, due to building development growth that's showing little signs of slowing down, according to a new report from Bloomberg.

But this shouldn't come as much of a surprise considering that this past summer it was announced that Toronto was home to the most cranes in North America, according to the latest RLB Crane Index, a report on the number of construction cranes in major American and Canadian cities.

Currently, Toronto is home to 67 skyscrapers, which are classified as a "continuously habitable high-rise building that has over 40 floors and is taller than approximately 150-metre (492-ft)."

READ: Budget 2020: What The Average Toronto Property Tax Increase Will Be

According to Bloomberg, Toronto ranks third in all of North America for tall buildings "of at least 150 meters (492 feet)."

However, with 31 more skyscrapers under construction and 59 proposed, the ~~big~~tall smoke will soon surpass Chicago in the skyscraper rankings. The Windy City is currently home to 126 skyscrapers with another 19 under construction or proposed, good for second place, according to the Council on Tall Buildings and Urban Habitat (CTBUH).

Currently, New York City claims the top spot for the tallest buildings, with 284 buildings over 150-metres already completed. So while Toronto is definitely growing up, it's still a long way from catching NYC.

Toronto

Toronto on Track to Surpass Chicago in Skyscraper Rankings

Toronto is currently on pace to move up in North America’s skyscraper rankings, according to a new report from Bloomberg.

Trending

You may also like

​The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.

For the last interest rate announcement of 2024 — slated for Wednesday, December 11 — the question is (once again) not will the Bank of Canada lower the rate, but by how much.

If one home simply won't cut it, why not try four, spread across a 39-acre estate nestled along the edge of the Niagara Escarpment?

The penthouse sits atop 21 Dallas Road, right next to Fisherman's Wharf in Victoria.

There’s a lot of pessimism surrounding housing in Canada, but Goldstein speaks on the topic with an undertone of hopefulness and positivity. “The fact that we are having these conversations, I think, is so exciting,” she says.

The mixed-use development would deliver 620 residential units within walking distance of the Main Street Subway Station and Danforth GO.

It's time to say "Hello" to Ally Ballam, Advisor, Engel & Völkers Vancouver, who focusses on Vancouver, North Vancouver, Tri-Cities, and the Fraser Valley.

At a Committee meeting on Thursday, councillors adopted a number of items that tackle the missing middle, optimizing building guidelines, and addressing office vs. housing needs throughout the City.

The Ottawa-based developer secured new financing to clear $6.5M in debt and climb out of receivership in mid-September, but was ultimately denied in late-November.

An ongoing dispute between Peterson Group and Create Properties resulted in the Burnaby Lake Village project being placed under creditor protection in November.

Pending potentially damaging evolutions in political leadership, global conflict, and trade agreements, Royal LePage is predicting a return to stability in Canada's housing market come 2025, with prices appreciating at a steady rate.

The 8-storey Strada at 555 College Street in Toronto was developed in 2021 by RioCan and Allied Properties REIT.

A 49-storey, 631-unit mixed-use development from Fitzrovia was recently proposed for St Clair Avenue and Avenue Road and it's chock-full of interesting features and amenities.

Brivia Group also recently cut the social housing units at CURV and received approval to continue presales into May 2025.

RESCON is seeking an order that would enforce the Ontario Building Code Act and prohibit Toronto from imposing building regulations on planning applications as they are beyond the legal authority of the city.

After a 44% year-over-year jump in Toronto and GTA home sales in October, TRREB's Market Watch for November revealed another month of encouraging activity with a 40.1% annual increase in sales.

2024 © STOREYS Publishing Inc. | All Rights Reserved

The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.