BUSINESS

Toronto's Stunning Skyline Transformation Captured In A Single GIF

01/19/2015 04:31 EST | Updated 01/19/2015 04:59 EST

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.

But thanks to the city's Planning and Growth Management Committee you can take in the totality of Toronto's transformation in just one GIF.

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.

(H/T Blog TO)

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