Mindblown: a blog about philosophy.

Bidding wars are back in the Toronto Real Estate market.~50% of the neighborhoods are now considered "in bidding war territory".

Population vs. Housing: – GTA's growth outpaces the supply of attainable homes. Support for First-Timers: – Enhanced government aid is essential for market entry.

Luxury property sales are thriving in Toronto and across Canada, despite struggles with the high cost of living for many residents.In the GTA, there has been a significant increase yearly in the sale of houses priced over $3M.

Sellers are advised to carefully consider their circumstances and goals before opting for this tactic. Listing low might be suitable for sellers seeking a quick sale but may not be ideal for those prioritizing certainty.

Home sales in Greater Toronto ↓ 4.5% in March yearly, totaling 6,560 sales. Despite lower sales, the avg selling price of homes ↑ 1.3% yearly to $1.12M.

Toronto is a highly desirable place to live, with a pressing need for sustainable housing, especially condos. Yet, a research reveals dissatisfaction with Toronto condos regarding quality, architecture, and livability.

1. Low ROI: – Many renovations don't pay off in increased home value, resulting in a potential loss of money. 2. Nothing Wrong: – If the house is structurally sound, aesthetic upgrades may be unnecessary, as buyers likely remodel post-purchase.