Mindblown: a blog about philosophy.

The GTA faces a growing deficit of purpose-built rental units, projected to reach 235,000 over the next decade due to population growth outpacing supply. Despite recent government incentives like HST waivers and reduced development charges, rising construction costs and declining rents threaten future rental projects. Addressing this requires federal, provincial, and municipal efforts to lower…

Canada's progressive tax system means higher earners face increased tax rates. To manage this burden, consider using life insurance to cover estate taxes and explore insurance-based investment strategies for tax-free retirement income. Family income splitting can also help, through methods like family trusts and spousal loans. Maximize RRSP contributions for tax-deferred growth and utilize tax-free…

Buying your first home requires careful financial planning. Key mortgage terms include principal, interest, amortization, and equity. Mortgage types include fixed-rate, adjustable-rate, and government-backed loans. Preparation involves assessing financial health, saving for a down payment, and budgeting for extra costs. First-time buyers should get pre-approved, understand options, and negotiate terms. Specialized loans exist for low-income,…

First-time homebuyers can access various programs to ease financial burdens. The Home Buyers’ Plan (HBP) allows withdrawals from RRSPs for down payments, offering up to $35,000 tax-free. The First-Time Home Buyer Incentive provides 5% or 10% of the purchase price as a shared equity mortgage. New Brunswick offers a Home Ownership Program for low-income families,…

In July 2025, the average home price in Markham was $1.25 million, down 3.1% from June and 8% from July 2024. Sales rose 17.7% with 266 homes sold, while active listings increased 36.3% to 1,310. Detached homes averaged $1.68 million, semi-detached $1.09 million, attached $1.07 million, townhouse condos $785,269, and apartment condos $690,334. Prices have…