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May 22, 2013
Toronto becoming a skyscraper city
  
The City of Toronto's latest Economic Dashboard report - adopted at today's meeting of the Economic Development Committee - shows Toronto is becoming a skyscraper city.

"Toronto's skyline is currently undergoing an unprecedented and historic change," said Mayor Rob Ford. "Toronto has never seen the kind of upward expansion that we are now experiencing. We are becoming a skyscraper city."

Recent data from the international Council on Tall Buildings and Urban Habitat (CTBUH) shows 25 buildings taller than 100 metres are under construction and scheduled for completion in the next three years, mostly in downtown Toronto.

By 2016, the number of skyscrapers in Toronto will have increased by 40 per cent. There are currently 63 skyscrapers in Toronto, according to CTBUH's figures. That is a 65 per cent rise in the number of skyscrapers over six years, with more than 25 per cent of the current 63 skyscrapers completed since 2010.

Data from Emporis.com - which defines a skyscraper as a building whose height is at least 100 metres - shows Toronto having the third most skyscrapers in North America and seventh in the world. Emporis.com currently indicates 157 completed skyscrapers for Toronto and shows that 112 more are in the construction and planning phases.

Toronto is building more skyscrapers than any other city in the Western world and has more tall buildings under construction than any other North American city. Toronto has six times more tall buildings under construction than Vancouver and 10 times more than Calgary.

CTBUH data also indicate that 23 of the 25 tallest buildings to be completed in Toronto by 2016 are being built for residential use and that five will be taller than 200 metres. Aura at College Park, scheduled for completion in 2014, will be the fourth tallest building in Toronto and at 272 metres, will become the tallest primarily residential building in North America.

The Economic Dashboard reports on Toronto's economy from international, national and local perspectives, based on statistics compiled from multiple sources. The Economic Dashboard and additional economic-indicator information for the City of Toronto is available at http://www.toronto.ca/economicindicators.

Earlier this year, City Council endorsed a new economic growth plan called Collaborating for Competitiveness - A Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto. The plan sets targets for improving the quality of jobs in Toronto and commits to harmonizing the policies/activities of the City of Toronto and its agencies to help create a more attractive climate for business and investment.

More information about how the City helps business in Toronto is available at http://www.toronto.ca/business.

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.8 million people. Toronto's government is dedicated to delivering customer service excellence, creating a transparent and accountable government, reducing the size and cost of government and building a transportation city. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can dial 311, 24 hours a day, 7 days a week.

Media Contact
Shane Gerard
Senior Communications Coordinator, Strategic Communications
416-397-5711
sgerard@toronto.ca

 

 

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