Mindblown: a blog about philosophy.

Toronto's housing market is showing signs of cooling, with new data from the Canada Mortgage and Housing Corporation indicating a significant decline in condo construction. Year-to-date housing starts have dropped 20% compared to last year, with single-detached homes seeing a minor decrease of 4%. In September, condo starts fell sharply from 36,441 to 28,559. High…

Toronto's real estate ranks 5th in the UBS 2024 Global Bubble Index, showing an "elevated" risk for a housing price bubble. Despite improvements in some areas, the risk remains high due to a disconnect between home prices and income. While national mortgage risk is low, Toronto sees rising delinquencies, especially among overleveraged investors. The construction…

Toronto's housing crisis is worsening due to a significant decline in development applications, according to a study by Altus Group for BILD. New home construction is lagging behind population growth, with applications dropping from 2,482 in 2021 to 1,225 in 2023. The gap between housing stock and population growth is the widest in over 50…

Prospective home buyers can now apply for a chance to own a home on the Toronto Islands by joining the Purchasers' List, open for four weeks every two years. There are 27 spots available, and a draw will determine who gets added to the waiting list, which can hold up to 500 names. Homes range…