Mindblown: a blog about philosophy.
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$1.5M Cap Change May Drive GTA Home Sales! | Watch Today’s Real Estate Updates & Tips
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million.
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Markham mayor proposes 3.88% tax increase for 2025
Mayor Frank Scarpitti presented Budget 2025, a $674.7 million proposal featuring a 3.88% tax increase, adding $53.54 for the average Markham household. This increase is partly due to repayments to the Corporate Stabilization Reserve fund used during the pandemic. The budget prioritizes flood control, road improvements, and community events, with $296.2 million funded by property…
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GTA Housing Supply Is at Risk | Watch Today’s Real Estate Updates & Tips
The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA.
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Toronto & Vancouver Are Now The Weakest Real Estate Markets In Canada
Canadian real estate is experiencing significant shifts, with the sales to new listings ratio (SNLR) dropping to 44.5% in September, nearing a buyer's market. Toronto and Vancouver now have the weakest demand, with SNLRs of 27.6% and 30.3%, respectively. Conversely, cities like Quebec City and Sudbury are seeing increased demand, particularly in government employment hubs.…
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Proyecto para convertir edificio de oficinas en Londres en viviendas recibirá $3.29M en subvenciones municipales
La ciudad invertirá casi $3.3 millones para convertir un edificio de oficinas infrautilizado en el centro de la ciudad, ubicado en 195 Dufferin Ave., en 94 unidades residenciales, incluyendo 80 de un dormitorio y 14 de dos dormitorios, con un 40% designado como asequible. Esta iniciativa es parte de un programa de conversión de oficinas…
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GTA Condo Listings Soar Ahead of Rate Cuts | Watch Today’s Real Estate Updates & Tips
Double-digit condominium inventory growth in Toronto reflects increased seller participation as buyers anticipate future rate cuts.Average condominium prices in Greater Toronto fell by 2% compared to the previous year, reaching ~$733K
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GTA’s Home Sales Rise in Late-Q3: Is Recovery Close? | Watch Today’s Real Estate Updates & Tips
GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.
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Toronto Considering DC Deferrals, Property Tax Cuts For Purpose-Built Rentals
The City of Toronto aims to increase purpose-built rental housing, as outlined in a new report proposing the development of 20,000 new rental homes, including 16,000 purpose-built and 4,000 affordable units. The report calls for a Purpose-Built Rental Homes Incentive to support these goals, which include a tax reduction and deferral of development charges for…
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GTA Housing Market: Growing Demand-Supply Gap | Watch Today’s Real Estate Updates & Tips
A growing gap exists between home demand and housing starts in the Greater Toronto Area. Housing start applications decreased from 2,428 in 2021 to 1,225 in 2024, worsening affordability.
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New skyscrapers could replace downtown Toronto office buildings
A developer plans to replace an office complex at 310-330 Front Street West in downtown Toronto with two mixed-use skyscrapers, reaching 70 and 65 storeys. The project will integrate a surviving 16-storey building and primarily feature residential units, with some retail and office space at the base. The towers will provide a total of 1,782…
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