Toronto’s Astounding Condo Boom

Toronto Gay Real Estate - CondosThe worst of times are usually obvious, as in the case of Toronto under Rob Ford. The best of times can take longer to reveal themselves — as in the case of Toronto under Rob Ford, which is most likely to be remembered by future historians not for its political buffoonery but for the amazing building boom that has launched our city into the new century leagues ahead of its closest competitors.

To get a sense of just how far ahead, consider some of the usual suspects: Chicago, Boston, Manhattan, Atlanta, Los Angeles, San Francisco and Miami, which collectively gained 34,330 new residential housing units between 2009 and 2012, according to data collected by the U.S. Census Bureau.

Over the same period, according to city statistics, Toronto alone gained 56,444 new units — 20,000 more than the U.S seven put together. You have to add Seattle, Minneapolis and Philadelphia to the U.S. side of the balance before it tips. In broad terms, Toronto is building 10 times as much new housing as any comparable U.S. city.

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Authored By John Barber – See the Full Story at The Star

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