Toronto builds big lead in ‘crane count’
Toronto is leading the North American ‘crane count’, an indicator of economic activity.
At 120 cranes, Toronto has more than twice the activity of second placed Los Angeles. (49), and more than four times that of New York (27). Looking to the west, Calgary is fourth of major American and Canadian markets, with 34 operating cranes.
Rider Levett Bucknall’s Crane Index for North America is published biannually and tracks the number of operating tower cranes in 13 major cities across the U.S. and Canada.
The spring season saw an increase in cranes in Toronto’s downtown, however, most development is happening outside the core area. Currently, residential and mixed-use projects command the local construction market; while increased infrastructure spending is anticipated to trigger additional activity.
In Calgary, high-rise multi-family projects are making an impact on the skyline. The downtown area has seen additions in the University District, East Village, and the Beltline areas, echoing that increase with office, commercial, mixed-use, healthcare, and infrastructure construction underway.