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Pop Goes the Toronto Housing Bubble

Toronto’s condo market is in more trouble than you think.

“For a while, Toronto’s booming condo market seemed unstoppable: the average price almost doubled in just 12 years. This appetite for condos meant that proper planning, both at the design and urban levels, was farther down on the priority list, leading to problems that still couldn’t stop this runaway market. It took the one-two punch of regulating the short-term rental market and the pandemic to finally slow it down. They say that the bigger the bubble, the bigger the bust — based on the concerns being expressed by real-estate agents and investors alike, I’d wager that we are due for a massive correction.

It’s about damn time.

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Views

Views by Christopher Parsons. Photo made with Olympus EM10ii and 14-42mm F3.5-5.6 E at Tommy Thompson Park on September 16, 2018 in Toronto. Edited in Apple Photos and Polaar.

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A Quiet Sunday Walk

A friend of mine and I travelled into Toronto’s Canary district over the weekend to make some photos. Normally I take photos on solo walks, and it was a nice experience to be in the presence of someone else who was also focused on making images. Some of my highlights are below.

All images were shot using an Olympus E-M10ii and and Olympus M.Zuiko ED 40-150mm f4.0-5.6 R and Olympus M.Zuiko Digital 14-42mm f/3.5-5.6 II R Lens. They were edited using a combination of Apple Photos and Polar.

Namaste by Christopher Parsons

Primary Stairs by Christopher Parsons

Scrambled by Christopher Parsons

Memory by Christopher Parsons

Overheads by Christopher Parsons

Sands by Christopher Parsons

Melancholy by Christopher Parsons

Land by Christopher Parsons

And one shot from the walk home!

Flee by Christopher Parsons

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2018.5.22

I signed a lease for a condo right in the heart of downtown Toronto today; I’m super glad I ended up waiting things out until I found a place that both felt right and was the right financial decision. Moving on to the next chapter of my life is incredibly bittersweet, but at least it’s made a bit easier going back to where I feel most at home in Toronto.

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2018.5.9

I’m really struggling with the decision of whether to rent a place that is cheaper, but lacking in direct sunlight, but that has lots of space, versus paying significantly more a month for a place with lots of natural light. I almost made the decision to get a cheaper location today but just felt almost disastrously upset about what I was about to do. I’ve still got two months before I’m officially homeless; I’m going to keep on hunting around.

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2015.5.6

Saw my first potential condo rental; it was terrific save for a bathroom that had serious water damage to the ceiling (probably from flooding or leaks above the unit) and a bathroom shower that needed to be burned with fire and entirely replaced. Hopefully the next one is more suitable.