(Source: Metro News)
The sight of construction cranes in Toronto is becoming ubiquitous and based on the final 2009 new home sales results released to BILD by RealNet Canada Inc., the cranes will be part of your vista for years to come.
There were 33,615 new homes and condos sold in the GTA last year, up 24 per cent over 2008. Forty-six per cent or 15,425 of those units were high-rise condo apartment suites with a smattering of lofts or stacked units mixed in.
Given the pre-sale nature of our housing market, the crane companies can look forward to ‘towering’ business in 2010 and beyond as those projects move out of the pre-sale and into the construction phase. Those cranes are symbols of tens of thousands of direct and indirect construction jobs leading to dreams coming true for the future homeowners and vibrant new neighbourhoods within our existing communities.
Read the full article, “Toronto’s condo craze to continue in 2010” at metronews.ca (Jan 28, 2010).