This year was a rollercoaster for real estate in the city. Prices reached unprecedented highs before giving way to hiked interest rates and a buyer’s market. The cost of everything forced renters and owners alike to get creative: hacking the game with savvy moves, building new stock in laneways and backyards, upgrading existing homes with stunning design.
Still, the housing crisis persists with no end in sight. Inflation, landlord-tenant feuds, renovictions, loose laws and developer impropriety have pushed many Torontonians to the edge. It’s enough to make any rational person pack up and leave. And plenty did. But, for the devout Torontonians among us, not for long. Indeed, 2022 was the year of the great return, in which many pandemic nomads finally came back home. Even in the face of real-estate market insanity, they missed Toronto’s energy, culture and, above all, its people.his actor pays $700 a month for an apartment in Parkdale, but it’s only 184 square feet.
Truro-born Wayne Burns faced an impossible task of transforming a doll-house-size unit into actual home. His strategy : use clothing tubs, hang clothes in an exposed piping system and sell some records to buy a sleeper couch. | Iris Benaroia | February 10
Source: News Formal (newsformal.com)
Great reads! All very informative articles
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