{"id":194579,"date":"2019-07-29T17:59:14","date_gmt":"2019-07-29T21:59:14","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=194579"},"modified":"2019-07-29T17:59:14","modified_gmt":"2019-07-29T21:59:14","slug":"246-cranes-toronto-suburban-condos","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/246-cranes-toronto-suburban-condos","title":{"rendered":"There are 246 cranes towering over the Toronto region as suburban condos take off"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4><p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/07\/toronto-housing-market-suburb.jpg\" rel=\"lightbox[194579]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-194580\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/07\/toronto-housing-market-suburb.jpg\" alt=\"\" width=\"1024\" height=\"683\" \/><\/a><\/p>\n<p><em>Photo: James Bombales<\/em><\/p>\n<p>Toronto\u2019s suburbs are growing up as condo development booms outside the city\u2019s core.<\/p>\n<p>While condo construction in downtown Toronto continues to make headlines \u2014 there are still more <a href=\"https:\/\/www.livabl.com\/articles\/2019\/03\/torontos-condo-more-cranes-than-new-york-la-and-chicago.html\">cranes there than in the three biggest US cities combined<\/a> \u2014 there are actually more of the mighty machines outside the core.<\/p>\n<p>In fact, of the 246 cranes across the GTA, 126 of them are outside downtown Toronto, according to Rider Levett Bucknall (RLB), a firm that advises developers worldwide.<\/p>\n\n<p>Twice annually, RLB counts cranes in 13 major North American markets, all the cities on the continent that the consultancy operates offices out of.<\/p>\n<p>Why drive around cities crane spotting? The firm suggests the crane count is a good gauge of confidence in a market.<\/p>\n<p>\u201cThe spring season has seen an increase in cranes in Toronto\u2019s downtown; however, most development is happening outside the core area,\u201d reads the <a href=\"https:\/\/s28259.pcdn.co\/wp-content\/uploads\/2019\/07\/2019-July-Crane-Index.pdf\" class=\"external\" target=\"_blank\">July 2019 RLB Crane Index<\/a>.<\/p>\n<p>\u201cCurrently, residential and mixed-use projects command the local construction market; in the future, increased infrastructure spending is anticipated to trigger additional activity,\u201d RLB adds in the report.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/07\/Crane-Index-Map-2019-07_All.jpg\" rel=\"lightbox[194579]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-194583\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/07\/Crane-Index-Map-2019-07_All.jpg\" alt=\"\" width=\"1024\" height=\"663\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>The RLB Crane Index only tracks stationary tower cranes, which are bolted to a foundation and most commonly used for tall buildings or other large projects, such as stadiums.<\/p>\n<p>Toronto\u2019s downtown core (the suburban cranes are not included in the main index) topped all North American markets by a wide margin with 120 cranes.<\/p>\n<p>Los Angeles and Seattle trained in a distant second-place tie with 49 cranes apiece.<\/p>\n<p>Los Angeles is a hotbed for cultural and entertainment developments in addition to housing projects, while the construction of tech-company offices helps prop up Seattle.<\/p>\n<p>Calgary, the only other Canadian city included in the index, ranked fourth with 34 cranes.<\/p>\n<p>\u201cHigh-rise multifamily projects are making an impact on the Calgary skyline,\u201d says RLB.<\/p>\n<p>\u201cThe downtown area sees additions in the University District, East Village, and the Beltline areas, echoing that increase with office, commercial, mixed-use, healthcare, and infrastructure construction underway,\u201d the firm adds.<\/p>\n<div id='pressboard-ad-sponsorship-msg'><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto\u2019s suburbs are growing up as condo development booms outside the city\u2019s core.<\/p>\n","protected":false},"author":23,"featured_media":194580,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2019-07-29T21:59:20Z","apple_news_api_id":"9167bc13-9f54-4389-84ed-0c8dfba486b4","apple_news_api_modified_at":"2019-07-29T21:59:21Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AkWe8E59UQ4mE7QyN-6SGtA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8692],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - 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