Mindblown: a blog about philosophy.
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Toronto is catching up with Vancouver as Canada’s most expensive place to rent
The cost of living in Toronto remains high for both owners and renters, with rent prices increasing. The median cost for a one-bedroom unit is now $2,500 and for a two-bedroom unit is $3,200. Rent prices in Vancouver and Burnaby have also risen, but overall, the rental market nationwide is expected to be cooler than…
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New Listing: 5009 – 501 YONGE STREET
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Toronto Vacant Home Tax: Relief and Resolution | Watch Today’s Real Estate Updates & Tips
Tens of thousands of Toronto residents are facing vacant home tax bills despite their properties being occupied.Several residents express a desire for clearer communication from the city regarding the declaration deadline.
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Happy Father’s Day | Watch Today’s Real Estate Updates & Tips
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Here’s how much it really costs to own home in Toronto
Buying a home in Toronto is costly, with average prices above $1 million. Besides mortgage rates, other monthly expenses like property tax, insurance, utilities, and an emergency fund impact homeownership costs. Maintaining an emergency fund and comprehensive insurance is crucial due to climate-related risks. Shopping around for the best mortgage rate and insurance policy can…
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Check out my listing Listing Address: 40 POMANDER ROAD
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Toronto: Biggest Jump in Required Homebuyer’s Income | Watch Today’s Real Estate Updates & Tips
The annual income required to secure and carry a mortgage has climbed another $3,400 MoM. Required income: – Mid-Q1: $214,100 – Late-Q1: $217,500
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Toronto developers are getting desperate as no one is buying condos anymore
Condo sales in Toronto have plummeted, leading to a surplus of homes on the market. Sellers, including developers, are struggling to attract buyers, with some projects being deferred or going into receivership. To entice buyers, companies are offering incentives like covering mortgage payments, reducing down payments, and providing rental guarantees. Despite a housing crisis, prices…
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Check out my listing Listing Address: 22 RATCLIFF ROAD
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Watch Today’s Real Estate Updates & Tips | The Average Toronto Home Will Cost $2M by 2034
Toronto homes to hit an avg of $2M by 2034, with ↑ 5.6% yearly. MLS Home Price Index shows ↑ 0.3% in Late-Q1 2024, with an avg selling price of $1,121,615.
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