Mindblown: a blog about philosophy.

GTA mortgage originations fell to $3.3B in Q2, down from $4.4B in Q1. Uninsured loan-to-value ratios in Toronto dropped to 60%, down from 62% last quarter.

In Q1 2025, only 47 land sales closed for $398M — lowest in five years. New condo construction starts drop 80% in Q1.

Over 75% of GTA neighbourhoods are underbid, yet a few key areas are still surging. Top overbid neighbourhoods, Little Italy, Davenport, St. Clair West, The Danforth, and The Junction, combine charm with access.

GTA growth demands more infrastructure, but who should truly pay for these rising costs? GTA new home buyers face the highest development charges in North America, severely impacting affordability.

Home prices are 10× average incomes—housing is voters' top issue across the GTA this election. Big Promises, Bigger Costs: Will They Build? The NDP vows 3M homes in 5 years—Liberals and Conservatives aim to double builds with strings attached.

Some GTA homes and lots are listed for $1 to attract attention amid uncertain market values. These $1 listings often involve unique properties, vacant lots, or combined homes with development potential.

GTA summer market offers more choices as listings increase, giving buyers better negotiation power. Buyers enjoy a balanced market with less urgency, allowing careful home selection.

GTA active listings hit 30,964 in Mid-Q2 — the highest level since at least August 2002. Home sales fell 13.3% yearly, despite a second consecutive monthly increase.

GTA home sales rose 11.5% in May 2025, hitting 6,244, while listings surged 15.8%. Average selling price increased 1.2% to $1,120,879, but remains 4% lower year-over-year.