Quote:
Originally Posted by Brandon716
I wouldn't call it Dubai since Toronto isn't building a skyline from scratch in 10 years as they've done, but Toronto does have more construction than any city in North America even in the post recession era.
If residential is to start waning, I could see office construction pick up. Toronto hasn't built as much major office floorspace as it has capacity for in recent years, so the highrise boom may very well continue even if condos slump.
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We are adding about 6,000,000 square feet to the downtown right now, or about a 10% increase over our current 60ish million square feet. That is a considerable amount, it's just all being added in shorter office buildings so it doesn't seem like we are adding a lot. There are 5 buildings going up over 700,000 square feet, but nothing over 1,000,000 or 200 meters tall. There just simply isn't a market for 2 million square foot office buildings rising 250+ meters. The only big buildings with office in it proposed is the Oxford towers, which has 300,000 square feet of residential in each 1,300,000 square foot building.