Across the globe, construction spending has climbed back from the doldrums of the financial crisis.
Calculated Risk's Bill McBride has dubbed it "the return of the cranes." The tower cranes, that is.
Look no further than Canada — a country that managed to escape the brunt of the last few years. Our neighbor to the north has seen massive construction and an ever-bubbling housing market.
In Toronto, condominium construction is downright insane, with growth at a rate more than 200 deviations above the historical average.
Let's take a walk down memory crane lane.1996: Where are the cranes? 2009: OK, I see one 2011: Cranes here, cranes there 2012: CRANE INVASION
See Also:In One Chart, Here's How London's Red-Hot Housing Market Is Crushing Normal PeopleHere Are The 14 Most Affordable Housing Markets In AmericaThe 7 Bubbliest Streets In London's Blazing Hot Housing Market
MORE CRANES: 14 Pictures Of Tower Cranes That Show What The New World Construction Boom Looks Like