Mindblown: a blog about philosophy.
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Q1-2025 GTA Condo Market Report & Investment Outlook
Q1 2025 condo presales hit a 30-year low at 536 units, down from 1,394 last year, with only 2 new projects launched. Asking prices dropped to $1,339 PSF, while sold units averaged $1,151 PSF, offering strong negotiation opportunities. Resale sales outperformed presales but also declined. Inventory rose to nearly 24,000 units. Developers are shifting to…
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Will GTA Condo Markets Rebound Before 2026? | Watch Today’s Real Estate Updates & Tips
Supply remains high at 40,000 units, while demand dwindles due to high interest rates and investor pullback. Is the market on the brink? Experts warn of a construction ‘cliff’ due to record-low condo demand.
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Buyers Alert: York Home Prices Trending Down | Watch Today’s Real Estate Updates & Tips
York Region's avg home price in March 2025 was $1.2M, ↓ 8.6% yearly. Home sales ↓ 31.3% to 859 units, while active listings ↑ 14.4% to 2,577 properties.
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Toronto Housing Market Shows Resilience | Watch Today’s Real Estate Updates & Tips
Despite February sales dropping over 25%, Toronto's market remains stable, navigating economic shifts and trade policy uncertainty.Listings increased by 50%, providing buyers more options, while prices have stayed relatively steady with only a slight decline.
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Markham Home Prices Climb 0.2% to $1.21M in Late-Q1 | Watch Today’s Real Estate Updates & Tips
Markham’s average home price reached $1.21 million in March 2025, slightly up from the previous month. Despite the monthly rise, home prices fell nearly 10% compared to the same time last year.
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York Region Housing Prices up, Sales Down in Mid-Q1 | Watch Today’s Real Estate Updates & Tips
York Region's avg home price ↑ 2.4% to $1.25M in February 2025. Sales ↓ 29.3% yearly, while active listings ↑ 83.3% to 3,647 properties.
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Markham Home Prices Down 8% Yearly in Mid-Q1 | Watch Today’s Real Estate Updates & Tips
Markham's avg home price in February 2025 was $1.2M, ↓ 0.7% MoM and ↓ 8% yearly. Home sales ↓ 26.5% to 175, while active listings ↑ 104.7% to 827 compared to February.
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65% of homes sold for less than the listed price in the Greater Toronto Area last month
The Greater Toronto Area's real estate market remains stagnant, with minimal bidding wars reported in March. A Wahi report indicates that only 20% of neighborhoods experienced overbidding, down from 43% a year ago, while 73% were in underbidding territory. Economic uncertainty is causing some buyers to delay purchases, leading to 65% of properties selling for…
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Withdrawing From an RESP: What You Need to Know | Watch Today’s Real Estate Updates & Tips
A Registered Education Savings Plan (RESP) can help fund education through contributions, grants, and interest. Educational Assistance Payments (EAPs) include benefits and interest, taxed when withdrawn by the beneficiary.
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First-time homebuyer rebate among affordability options York Region exploring
York Region's regional council discussed initiatives to improve housing affordability, including a first-time homebuyer incentive rebate. A special meeting focused on deferring development charges for developers to encourage rental development. Proposed policies will return for further discussion in June. Concerns were raised about the financial implications of these deferrals, with estimates suggesting significant costs. The…
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