Mindblown: a blog about philosophy.
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Underbidding Dominates GTA Market in Early-Q4 | Watch Today’s Real Estate Updates & Tips
In October 2024, 70% of homes in the GTA sold for below their list price. Despite increased sales, overbidding activity remains low across the Greater Toronto Area.
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Aquí está cuánto se espera que suban los precios de las viviendas en Ontario en 2025
A pesar del escepticismo sobre una rápida recuperación del mercado inmobiliario en Canadá, RE/MAX Canada pronostica un panorama positivo para 2025, prediciendo un aumento del 5% en los precios promedio y un incremento del 25% en las transacciones, especialmente en Ontario. Se espera que el Condado de Simcoe vea la actividad más significativa, con un…
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Tax Relief Needed for Toronto Home Buyers | Watch Today’s Real Estate Updates & Tips
GTA residents face high taxes, totalling over $200K on the avg home purchase. Proposed tax cuts, like removing GST on homes under $1M, could save buyers $40K.
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Ontario’s New Rules Threaten City Planning Stability | Watch Today’s Real Estate Updates & Tips
Ontario cities fear new provincial rules allowing individual development applications could undermine long-term urban planning. The provincial planning statement mandates cities to evaluate ad hoc applications, increasing administrative costs and appeals.
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GTA Home Sales Soar 44% in Early-Q4 | Watch Today’s Real Estate Updates & Tips
In October, home sales in the Greater Toronto Area surged by 44.4% year-over-year, with 6,658 transactions. Toronto saw 2,509 home sales, a 37.6% increase, while other GTA areas rose by 48.9% to 4,149 sales.
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Toronto To See Taller Buildings Once New Zoning Policy Is Introduced
Toronto may see taller buildings along its busiest streets as a new policy for as-of-right zoning for mid-rise buildings is set for discussion at a City Council meeting. If approved, this policy would allow buildings up to 11 storeys on designated Avenues, addressing the ongoing housing crisis. The City aims to update zoning permissions to…
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GTA Home Sales Rebounding: Stronger Winter Predicted | Watch Today’s Real Estate Updates & Tips
The GTA housing market showed signs of recovery with an 8.5% increase in home sales. If interest rates continue to decline, a winter surge in home sales and prices is anticipated.
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Opinion: Toronto wants more midrise buildings. One roadblock? Garbage collection
Toronto's official plan aimed to accommodate growth through midrise buildings along major streets, but this approach has largely failed. High-rise condos remain the primary housing type, often overshadowing the intended midrise development. A report from Environmental Defence identifies planning and building policies as obstacles, including strict garbage collection requirements and building codes. It emphasizes the…
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GTHA New Condo Sales Down 81% Yearly | Watch Today’s Real Estate Updates & Tips
New condo sales in GTHA totalled 567 units in Q3-2024, the lowest since Q1-1995. Sales ↓ 81% yearly, 87% below the latest 10-year avg for Q3.
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Tens of thousands declare early to avoid Toronto’s vacant home tax
Toronto's redesigned vacant home tax rollout has commenced, with more than 59,000 individuals submitting their paperwork in the initial week. Continue to full article
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