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 bigtall 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.