Record number of cranes in Mississauga’s skyline as city preps for building boom
Published November 3, 2022 at 5:45 pm
Cranes in the sky don’t always translate to future housing units but Mississauga is still getting a quick start in reaching its housing goal of 120,000 new units in the next ten years with a skyline filled with cranes: 36 this month, a new city record.
The Ford government introduced its More Homes Built Faster plan that, among other things, reduces red tape, eases environmental restrictions and civic obstructions to allow shovels in the ground quicker.
Development and building activity in Mississauga had already reached record levels in recent years with 21,845 permits for new residential units issued last year and applications for another 51,208 in the pipeline.
Combined with commercial permits in 2021 representing 1,840,521 sq. m, Mississauga is set to soon welcome more than $8.9 billion in prescribed value.
In addition to Mississauga’s 120,000-homes target – behind only Toronto’s 285,000 and Ottawa’s 151,000 – Brampton has a target of 113,000, Hamilton 47,000, Oakville 33,000, Burlington 29,000 and Caledon 13,000, all within the next decade.insauga's Editorial Standards and Policies advertising