Mindblown: a blog about philosophy.
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Las ventas de viviendas en Grey-Bruce aumentan un 41.1% en 2024
Las ventas de viviendas en Grey-Bruce se dispararon un 41.1% en 2024, con 2,478 unidades vendidas, significativamente más que el año anterior. Solo en diciembre, las ventas aumentaron un 81.3%, totalizando 116 unidades. El precio promedio anual de las viviendas subió ligeramente a $652,448, mientras que el precio promedio de diciembre cayó un 5.7% a…
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Toronto’s Construction Slowdown: What’s Driving It? | Watch Today’s Real Estate Updates & Tips
Toronto struggles with a sharp decline in condominium starts despite its historically large volumes. Toronto reported 6,301 annualized rental starts, falling behind Edmonton's 7,190 units.
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Eliminating DCs on new homes is not the answer
Discussions on Municipal Development Charges (DCs) highlight their impact on new home affordability and construction costs. While some suggest eliminating DCs, it is crucial to modernize the Development Charges Act instead. DCs, which have been in place for over 35 years, are essential for funding infrastructure necessary for new housing. The significant increase in DCs…
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Ontario’s Improved Credit Rating Boosts GTA Growth | Watch Today’s Real Estate Updates & Tips
Ontario's improved credit rating allows for lower borrowing costs, benefiting GTA residents and families. GTA families will receive $1K in rebates to help combat high interest rates and taxes.
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Townhouse sales hold steady in GTHA amid continued decline in condo market
Townhouse sales in the Greater Toronto and Hamilton Area (GTHA) remained strong in 2024, with 3,255 units sold, steady compared to 2023. Demand for ground-related townhouses surged in Q4, reaching a two-year high. In contrast, multi-family sales, including condominiums and apartments, dropped 49% to 7,649 units. The average price for new condos was $1,141 per…
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Mid-Q4: Toronto Rent Prices Fall 9.4% Yearly | Watch Today’s Real Estate Updates & Tips
Toronto rents hit a 28-month low in November, with average rent falling to $2,640. Toronto’s studio rent ↓ 7%, reaching an avg of $1,932, while one-bedroom rent ↓ 8%.
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A Break with No Fix? Examining the Impact of Tax Cuts on Rental Construction in the Greater Toronto and Hamilton Area
Lower taxes can initially boost construction, but recent tax cuts in Canada aimed at increasing rental housing development had limited and temporary effects. In the Greater Toronto and Hamilton Area, rental unit construction surged after the GST and PST cuts, but by the end of 2024, starts returned to pre-tax levels. Additionally, fewer rental units…
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GTA Housing Market Slows Amid High Rates | Watch Today’s Real Estate Updates & Tips
Greater Toronto home sales ↓ 1.8% in December, totalling 3,359 transactions. The avg selling price ↓ 1.6% yearly to $1,067,186 in December.
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Happy Lunar New Year | Watch Today’s Real Estate Updates & Tips
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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Toronto Office Vacancy Hits 18.6%, Peaking in 2025 | Watch Today’s Real Estate Updates & Tips
Toronto's office vacancy rate stands at 18.6%, driven largely by older buildings struggling for tenants. Office vacancy is expected to peak in early 2025, marking the end of the remote work adjustment.
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