Toronto has been experiencing a real estate boom since the turn of the century. You hear about it all the time, but it's difficult to visualize just how dramatically Toronto has changed over the last 14 years.
Condos have played a huge roll in Toronto's metamorphosis. According to the city, roughly 50 per cent of all building permits in the first three quarters of 2014 were for high rise residential developments.
Meanwhile, the total number of building permits issued by the city has exploded. In 2000, the city granted less than 30,000 permits. In 2013, it issued more than 45,000.
No wonder Toronto's skyline has gone from being dominated by the CN Tower and a few bank buildings to looking more like the horizon in Hong Kong.
Whether you're waiting for the bubble to burst or believe the boom will never end, it's truly amazing to see just how far Canada's largest city has come in such a short time.
Source: The Huffington Post
