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Incredibly, Toronto's 'crane index' has once again set a new record with 225 active cranes - an 8.2% growth from earlier this year in March 2021 and doubling the pre-pandemic count in just 18 months!
But with the 'fourth wave' upon us and Canadian and global GDP growth proving to be slower than originally anticipated (hoped)... what does this all mean?
To make sense of it all, we have reassembled the ULI Toronto Pulse Check panel to share their thoughts on and outlook for the residential and commercial real estate markets, and to share key highlights from the latest Rider Levett Bucknall (RLB) Crane Report released in September 2021. New insights from Urban Toronto will expand the crane count analysis to the Greater Toronto Area (GTA) - revealing a picture of suburban density unique to North America.
Jeanhy Shim, President & Founder, Housing Lab Toronto and Partner, PMA360
Andrew Brethour, Executive Chairman & Broker of Record, PMA Brethour Realty Group
Bader Elkhatib, Vice President, CentreCourt
Barbara Lawlor, CEO & Broker of Record, Baker Real Estate Incorporated
Raymond Wong, Vice President, Data Operations, Data Solutions, Altus Group
Mel Yungblut, Principal, Rider Levett Bucknall
Edward Skira, President & Co-Publisher, SkyriseCities.com / UrbanToronto.ca