Development in Toronto is on the decline, and that means some cranes are vanishing. rlbamericas | realestate realestatenews
The Greater Toronto Area saw its crane count fall to 230 in the third quarter of the year, down 8.7% from the
. With that said, Toronto still had the most cranes, by far, of 14 major cities across North America. The lion’s share of Toronto’s crane count was residential, at 126 cranes.from Rider Levett Bucknall , which tracks the number of operating tower cranes in Toronto, Calgary, Boston, New York, Washington, Chicago, Denver, Phoenix, Los Angeles, Los Vegas, San Fransisco, Portland, Seattle, and Honolulu.
“Key market indicators are returning to pre-pandemic levels, demonstrating that the industry appears to be recovering from the impacts of COVID-19,” the report notes. “However, drivers in the market — including inflation, labor shortage, and supply chain issues — continue to impact construction, whether it be through cost or schedule. We anticipate the number of cranes to increase going into 2023.
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