For many years, Toronto has had more cranes in the sky than any other North American city. Like, way more.
One of the things that makes Toronto such a vibrant city is that people actually live there. Suburban living dominates many American cities, turning them into ghost towns after evening rush hour.
Lots of cranes and residential development can only mean one thing: population growth.
And that’s exactly what’s going on. According to data from the U.S. Census Bureau and Statistics Canada, Toronto was the fastest-growing city in North America last year. Toronto grew by 45,742 in 2019. That’s as many people as New York City lost – by far the the largest decline.
Check it out:
Meanwhile, Montreal is the second-fastest-growing city in North America. Third place went to Phoenix, Arizona with Calgary and Ottawa rounding out the top five, respectively.
Despite a loss in domestic net migration, Toronto more than made up for it with international immigration.
When including each city’s entire metropolitan area, Toronto once again grew faster than any other city:
Don’t expect the condo boom to die down anytime soon.