JOHNZEUS.COM

3:00pm, May 2013 | Toronto Port Lands | Canada | Shot with my Samsung GalaxyS3

Toronto Port Lands. Looking northwest.

My bike, my beautiful city and one of my favourite spaces on Toronto Harbour.

Colourized Toronto Port Lands

Toronto Port Lands.

Colourized Toronto Skyline looking northwest.

Toronto Skyline. CN Tower and surrounding buildings shot in negative.

Canada Goose

The army of cranes redefining the Toronto skyline.

Toronto reportedly counts the most high-rise real estate projects under construction in North America!

Toronto Condo Construction | Photo Source: John Zeus

High rental vacancies…

“We believe that buyers in the current condo market exude hope over experience…” (Despite claims of a buoyant rental market investors are ending up with) “an astonishingly low return on invested capital.” – Source: Ohad Lederer, an analyst at Veritas Investment Research.

…and a growing number of preservationists who say too many new towers are destroying the city’s character.

Social Media: “Dear Condo Toronto, you were an awesome city before you turned into a condo developer’s dream. I used to love going downtown because you had a welcoming core with parks, community spaces and many innovative small businesses. Now downtown is becoming a high-rise construction haven littered with towering steel and glass walled shoeboxes hiding our lake and our sky. Unfortunately a daily commuter’s nightmare…” – 2013 John Zeus

Facebook post: screen capture

Toronto Condo Construction | Photo Source: John Zeus

“Toronto condo developers face formidable obstacles: an infrastructure buckling under soaring density rates, the laws of supply and demand and preservationists who says too many new towers are destroying the city’s character.” – Source: The Financial Post

Toronto Condo Construction | Photo Source: John Zeus

Toronto Condo Construction | Photo Source: John Zeus

“Since June 2011 the number of unsold high-rise units in the pre-construction stage has doubled. Unsold units under construction have also increased from fewer than 5,000 at the beginning of 2012 to almost 7,000.” – Source: Bank of Canada

Toronto Condo Construction | Photo Source: John Zeus

Adapted by John Zeus. Original Sources Include; Bank of Canada and The Financial Post.