8 ms·

Interactive Map of Toronto Housing Changes 2011-2016

50 points by cityandtech 9y ago

quickben 9y ago
GTA has more than enough housing supply: https://betterdwelling.com/city/toronto/toronto-has-over-99000-unoccupied-homes-heres-where-they-are-interactive/ https://betterdwelling.com/city/toronto/toronto-has-over-990... The above, and the fact that the YOY is, 30% now? It makes people 'trade' it for profit and not live in it. Hence the last month legal measures to tackle speculation. Every time people talk about 'tapping the green belt', they are either misinformed or paid to write that.
- msie 9y ago
  Interesting quote from the article: "I know what you’re thinking, foreign buyers! Well, foreign buyers aren’t usually census respondents so these are most likely domestic residents. AirBnB, pied-à-terre, or short-term renting are all uses I’ve heard from owners of multiple Toronto homes. The most popular reason however, is likely plain ole’ speculation."
  - Pxtl 9y ago
    I wonder if these speculators are paying cap gains or have found some way to stretch the principal residence exemption to cover their rental property.
dugditches 9y ago
There's lots of talk about tapping into the 'green belt' to allow more residential building. Something needs to be done though, soon and carefully. The market's getting out of control. And often what you don't hear is the 'spillovers'. 1.Where a person from toronto sells their home for a lot, then travels to a town outside toronto to retire/settle down. Local residents/new home owners can't compete with these buyers with so much capital(especially in areas with supressed/depressed employement). 2.Where people give up trying to afford living in Toronto and move out of town to commute. This has caused rents in Hamilton/Burlington etc to skyrocket.
- Waterluvian 9y ago
  I live an hour from Toronto. Single detached homes closing prices went up 40% since last April. It's an unsustainable bubble.
  - snowwindwaves 9y ago
    Nope just catching up to the valuations in Vancouver, New York, London, Tokyo and other desirable international cities.
    - acchow 9y ago
      New York and London definitely attract global talent. Toronto is not like them. This is a speculation bubble.
      - sanswork 9y ago
        Toronto is pretty cheap for a city of its size.
        ziikutv 9y ago
        And pretty awesome. You will appreciate it 100% more if you visit our capitol.
        uiri 9y ago
        Comparing Toronto with Ottawa is simply not a fair comparison. It is like comparing New York City with Albany or Seattle with Olympia. The City of Ottawa includes the core of Ottawa plus all of its suburbs (excluding the Quebec side) and does not even top a million people. Everything is spread out and suburban such that our capitol is more like a bunch of closely spaced towns than anything resembling an actual city. The City of Toronto (which excludes most of the suburbs) is, on its own, triple the population of Ottawa. The Greater Toronto Area is over 5x the population of the National Capital Region.
the_unknown 9y ago
Living an hour east of Toronto new houses are going for $800k. No, these are nothing more than 1400 sqft homes packed together with no room to breathe. A few years ago those would have been $300-400k (and overpriced at that).
ziikutv 9y ago
Checked out this area where I saw some condos driving on Kippling Street. Unfortunately, because they are sort of a "ravine lot", it shows that there are +200 houses in the park it is atop. http://prntscr.com/f3w9pu http://prntscr.com/f3w9pu So that green area in the above image is a park. I think the map tiles are likely segmented incorrectly.
bungie4 9y ago
I ditched Toronto in 1979. Despite having a thriving job market, I see no compelling reason to return. Want affordable? Move and setup shop in Elliot Lake. Hey, we can do this job from anywhere right. A $600K home in T.O is about $75K in Elliot Lake. Surrounded by woods, hiking, atv, cross country ski, downhill skiing, boating and all those great things that are 'life' outside of work.
havetocharge 9y ago
The legend on this map is wacky: 1-5 0-1 0-(-4) So what if the change == 1? Does it fall in the upper or the middle bracket? Same with == 0. Also, the % is misleading. The changes are not in percents, they are in actual units. You can verify this by examining some data points on the map.

50 points by cityandtech 9y ago

GTA has more than enough housing supply: https://betterdwelling.com/city/toronto/toronto-has-over-99000-unoccupied-homes-heres-where-they-are-interactive/ https://betterdwelling.com/city/toronto/toronto-has-over-990... The above, and the fact that the YOY is, 30% now? It makes people 'trade' it for profit and not live in it. Hence the last month legal measures to tackle speculation. Every time people talk about 'tapping the green belt', they are either misinformed or paid to write that.

msie 9y ago
Interesting quote from the article: "I know what you’re thinking, foreign buyers! Well, foreign buyers aren’t usually census respondents so these are most likely domestic residents. AirBnB, pied-à-terre, or short-term renting are all uses I’ve heard from owners of multiple Toronto homes. The most popular reason however, is likely plain ole’ speculation."
- Pxtl 9y ago
  I wonder if these speculators are paying cap gains or have found some way to stretch the principal residence exemption to cover their rental property.

dugditches 9y ago

There's lots of talk about tapping into the 'green belt' to allow more residential building. Something needs to be done though, soon and carefully. The market's getting out of control. And often what you don't hear is the 'spillovers'. 1.Where a person from toronto sells their home for a lot, then travels to a town outside toronto to retire/settle down. Local residents/new home owners can't compete with these buyers with so much capital(especially in areas with supressed/depressed employement). 2.Where people give up trying to afford living in Toronto and move out of town to commute. This has caused rents in Hamilton/Burlington etc to skyrocket.

Waterluvian 9y ago
I live an hour from Toronto. Single detached homes closing prices went up 40% since last April. It's an unsustainable bubble.
- snowwindwaves 9y ago
  Nope just catching up to the valuations in Vancouver, New York, London, Tokyo and other desirable international cities.
  - acchow 9y ago
    New York and London definitely attract global talent. Toronto is not like them. This is a speculation bubble.
    - sanswork 9y ago
      Toronto is pretty cheap for a city of its size.
      - ziikutv 9y ago
        And pretty awesome. You will appreciate it 100% more if you visit our capitol.
        uiri 9y ago
        Comparing Toronto with Ottawa is simply not a fair comparison. It is like comparing New York City with Albany or Seattle with Olympia. The City of Ottawa includes the core of Ottawa plus all of its suburbs (excluding the Quebec side) and does not even top a million people. Everything is spread out and suburban such that our capitol is more like a bunch of closely spaced towns than anything resembling an actual city. The City of Toronto (which excludes most of the suburbs) is, on its own, triple the population of Ottawa. The Greater Toronto Area is over 5x the population of the National Capital Region.

the_unknown 9y ago

Living an hour east of Toronto new houses are going for $800k. No, these are nothing more than 1400 sqft homes packed together with no room to breathe. A few years ago those would have been $300-400k (and overpriced at that).

ziikutv 9y ago

Checked out this area where I saw some condos driving on Kippling Street. Unfortunately, because they are sort of a "ravine lot", it shows that there are +200 houses in the park it is atop. http://prntscr.com/f3w9pu http://prntscr.com/f3w9pu So that green area in the above image is a park. I think the map tiles are likely segmented incorrectly.

bungie4 9y ago

I ditched Toronto in 1979. Despite having a thriving job market, I see no compelling reason to return. Want affordable? Move and setup shop in Elliot Lake. Hey, we can do this job from anywhere right. A $600K home in T.O is about $75K in Elliot Lake. Surrounded by woods, hiking, atv, cross country ski, downhill skiing, boating and all those great things that are 'life' outside of work.

havetocharge 9y ago

The legend on this map is wacky: 1-5 0-1 0-(-4) So what if the change == 1? Does it fall in the upper or the middle bracket? Same with == 0. Also, the % is misleading. The changes are not in percents, they are in actual units. You can verify this by examining some data points on the map.