Mindblown: a blog about philosophy.
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Happy Canada Day | Watch Today’s Real Estate Updates & Tips
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Check out my listing Address: 5009 – 501 YONGE STREET
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4X Delays: 11,500 Toronto Home Projects Stalled | Watch Today’s Real Estate Updates & Tips
There are 60 projects delayed, totalling more than 21,505 units across the Greater Toronto and Hamilton Area (GTHA).In Toronto, specifically, there have been 11,595 delayed units over 29 projects since mid-2022.
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Toronto rent reporting group applauds government’s plan to include rent payments towards credit score.
A rent reporting company in Toronto supports the government's plan to include rent history in credit scores. The proposal aims to help renters by allowing on-time rent payments to be considered in credit reports. This initiative is seen as a positive step towards improving credit scores for renters and increasing access to financial opportunities. Continue…
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Check out my listing Address: 5001 – 501 YONGE STREET
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Toronto’s Spring Favours Homebuyers With Falling Prices | Watch Today’s Real Estate Updates & Tips
Early-Q2 saw a rise in listings, which experienced a shortage of homes for sale leading to a short-term price surge. The number of properties for sale ↑ 47% yearly.
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Record Number of Condos for Sale in the Toronto Area
In May, Toronto had a record number of condominium listings due to investors selling off properties. High interest rates, declining rents, and upcoming condo completions have reduced investor optimism. Condo prices have plateaued recently. House prices and sales were down, with an increase in listings. Regional trends show declines in sales and prices for both…
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Toronto Housing Market Faces Decline As Prices Hit New High
Greater Toronto area home sales declined for the fourth consecutive month in May, with prices increasing slightly. New listings rose, but year-over-year figures show a significant drop in sales and prices. The Bank of Canada's high rates are impacting buyer affordability, with potential rate cuts expected to improve the situation. Continue to full article
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Toronto Vacant Home Tax Rollout Issues | Watch Today’s Real Estate Updates & Tips
The vacant home tax, initiated in late 2021, aims at unoccupied properties, prompting owners to sell or rent; declarations were required before a set deadline. Administration issues with the program emerged in early 2024, prompting an extension of the declaration deadline from February.
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Toronto is catching up with Vancouver as Canada’s most expensive place to rent
The cost of living in Toronto remains high for both owners and renters, with rent prices increasing. The median cost for a one-bedroom unit is now $2,500 and for a two-bedroom unit is $3,200. Rent prices in Vancouver and Burnaby have also risen, but overall, the rental market nationwide is expected to be cooler than…
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