Mindblown: a blog about philosophy.
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Home buying competition starts in these Greater Toronto Area neighbourhoods
The Greater Toronto Area (GTA) real estate market is experiencing increased activity, with new listings in Mississauga rising by 158.9% last month. In January, 22% of sold listings went for over the list price, while 74% sold for below asking. Overall, 11% of GTA neighbourhoods were in overbidding territory, an increase from December 2024. Despite…
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Toronto Boosts Homeownership Aid for Higher Earners | Watch Today’s Real Estate Updates & Tips
Toronto expands support for higher-income earners, enabling families earning up to $160,000 to access homeownership aid. The Home Ownership Assistance Program (HOAP) eligibility now includes households in the 80th income percentile, up from 60th.
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GTA Real Estate Set for Competitive Market in 2025 | Watch Today’s Real Estate Updates & Tips
Greater Toronto Area prices expected to ↑ 5% by Q4 2025 compared to the previous year. Real Estate demand is forecast to grow, with faster home sales and decreased market time in 2025.
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New Toronto Short-Term Rental Bylaws Take Effect | Watch Today’s Real Estate Updates & Tips
Since January 1, hosts must choose between registering as an entire-unit or partial-unit short-term rental operator. The registration and renewal fee for short-term rental operators will increase to $375.
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Happy Family Day | Watch Today’s Real Estate Updates & Tips
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…
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Happy Valentine’s Day | Watch Today’s Real Estate Updates & Tips
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…
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GTA Home Prices End Year Down Less Than 1% | Watch Today’s Real Estate Updates & Tips
Toronto real estate faced its slowest year in decades, with condo sales dropping to a 27-year low. A surge of 166,121 new listings in 2024 created abundant inventory, 16.4% higher than 2023.
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Las ventas de viviendas en Grey-Bruce aumentan un 41.1% en 2024
Las ventas de viviendas en Grey-Bruce se dispararon un 41.1% en 2024, con 2,478 unidades vendidas, significativamente más que el año anterior. Solo en diciembre, las ventas aumentaron un 81.3%, totalizando 116 unidades. El precio promedio anual de las viviendas subió ligeramente a $652,448, mientras que el precio promedio de diciembre cayó un 5.7% a…
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Toronto’s Construction Slowdown: What’s Driving It? | Watch Today’s Real Estate Updates & Tips
Toronto struggles with a sharp decline in condominium starts despite its historically large volumes. Toronto reported 6,301 annualized rental starts, falling behind Edmonton's 7,190 units.
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Eliminating DCs on new homes is not the answer
Discussions on Municipal Development Charges (DCs) highlight their impact on new home affordability and construction costs. While some suggest eliminating DCs, it is crucial to modernize the Development Charges Act instead. DCs, which have been in place for over 35 years, are essential for funding infrastructure necessary for new housing. The significant increase in DCs…
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