Mindblown: a blog about philosophy.
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Watch Today’s Real Estate Updates & Tips | Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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Toronto’s vacant home tax to continue with major revisions
Toronto's vacant home tax will continue despite opposition from five councillors, but changes are planned for the 2024 taxation year. Mayor Olivia Chow acknowledged the program's flaws and promised improvements. Late fees will be waived for those who missed the occupancy declaration deadline, and refunds will be issued. The overhaul aims to make the reporting…
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Watch Today’s Real Estate Updates & Tips | What’s Hot in Commercial Real Estate
AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.
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Toronto city council votes to keep vacant home tax amid calls to scrap the program after ‘fiasco’
Toronto's Vacant Home Tax program will continue for another year despite calls for cancellation. City council voted to revamp the program after a flawed rollout led to many property owners receiving bills erroneously. Some councillors wanted to scrap the program entirely due to the problems it caused. Mayor Olivia Chow acknowledged the issues with the…
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Toronto’s downtown in major trouble as office vacancy soars to worrying new heights
Downtown Toronto is facing a decline with 18% of offices sitting vacant in the first quarter of 2024. The city's office vacancy rate has been increasing due to new office buildings coming online and tenants reducing sublets. Future projections suggest a continued surplus of unoccupied office space until the 2040s. Continue to full article
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Watch Today’s Real Estate Updates & Tips | Lower Toronto Rents & Boost Housing: Why Tax Cuts Matter
Reduce rent increases: – Lower property tax hikes could help prevent landlords from passing on costs to renters. Protect vulnerable renters: – Policy could benefit those struggling with affordability by potentially keeping rents lower
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Rental scams rampant in Toronto amid tight rental market
Prospective renters in Toronto should be cautious when renting online, as two individuals shared their experiences of being scammed out of rental properties. They found listings on Rentals.ca, pre-paid rent, but never received keys or found someone else living in the unit. The platform now verifies landlords to prevent fraud. Continue to full article
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Watch Today’s Real Estate Updates & Tips | Capital Gains Inclusion Rate Increase
Increase for high earners: After June 25, 2024, capital gains tax increases for profits exceeding $250,000.The $250,000 threshold applies to individuals, including gains through partnerships or trusts.
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Watch Today’s Real Estate Updates & Tips | Toronto: Top 5 Best Places to Live in Canada for 2024
Toronto was ranked as the 5th best place to live in Canada. It had the 3rd-highest house prices, averaging $14,933/sq m.
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