10/08/2026
Everyone remembers the 2008 housing crash. Toronto homeowners who lived through the early 1990s might have a rather different story to tell.
Toronto's housing market took 13 years to recover its 1989 annual average price. The 2008 downturn? A comparatively brief interruption.
Now, in 2026, we're navigating another correction.
Three different markets. Three different sets of circumstances. One important question: Which history tells us more about today's market?
Part One of the OwnInTO Toronto Housing Market Series explores what happened, why it matters, and what we might learn from it.
Read the article: https://owninto.ca/blog.html/toronto-housing-crashes-1990-vs-2008-vs-2022-9177079
Coming next: Has Toronto's Housing Market Found Its Bottom?