Quote:
Originally Posted by Innsertnamehere
The city of Toronto is due for 30,000 multi family completions this year, more in the suburbs.
This is above typical, but still huge. Toronto has been adding 20-25k new units a year for about a decade now.
Toronto’s planning approvals phase is probably longer than Chicago, but regardless of how long it is, Toronto has way more under construction and short of some economic disaster or Chicago entering a similarly great building boom, Toronto should pass it sometime this decade.
Chicago will likely remain “taller” for a long while though as I don’t see Toronto building stuff over 350m any time soon.
|
Interesting, here are the top us multifamily completions in 2018.
New York Metro – 32,300 units completed
Dallas/Ft. Worth – 20,500 units completed
Los Angeles/Southern California – 20,000 units completed
Seattle – 14,400 units completed
Washington, D.C. – 13,600 units completed
Denver – 11,700 units completed
Boston – 9,700 units completed
Miami/South Florida – 9,500 units completed
San Francisco Bay Area – 9,300 units completed
Chicago – 8,900 units completed
Orlando – 7,700 units completed
Austin – 7,400 units completed
Charlotte – 7,000 units completed
Atlanta – 6,900 units completed
San Antonio – 6,800 units completed
Phoenix – 6,400 units completed
Minneapolis – 6,300 units completed
Tampa – 6,100 units completed
Nashville – 5,900 units completed
Portland – 4,900 units completed