Mindblown: a blog about philosophy.
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BMO Tightens Mortgage Rules | Watch Today’s Real Estate Updates & Tips
BMO has tightened mortgage rules for self-employed borrowers in steel and aluminum due to economic uncertainty. New limits include stricter debt ratios and a 750+ credit score requirement for at least one applicant. Experts say the change affects few borrowers but signals broader economic risk from ongoing trade tensions. Critics warn other banks may quietly…
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Will You Owe Taxes on an Inheritance in Canada? | Watch Today’s Real Estate Updates & Tips
No Inheritance Tax in Canada: But capital gains tax applies when selling inherited assets. Real Estate & Investments: If you sell, the increase in value since original purchase is taxed.
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Tax Changes Slow Luxury Home Sales | Watch Today’s Real Estate Updates & Tips
High-end sales remain steady, but buyers hesitate due to uncertainty and new tax policies. Foreign buyers’ ban limits demand, pushing wealthy investors toward U.S. cities like New York and Chicago.
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GTA’s 10 Most Affordable Neighbourhoods to Buy a Home in March 2025
As spring revitalizes the real estate market, the Greater Toronto Area presents affordable options for homebuyers. The Bank of Canada's interest rate cuts are expected to boost home sales. A report highlights the GTA's most affordable neighborhoods, with Brampton’s Queen Street Corridor and Mississauga’s City Centre leading, both under $600,000. These areas show price growth,…
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Angustia severa: Morosidad hipotecaria en Ontario un 50% más alta que antes de la pandemia
Las morosidades hipotecarias en Ontario aumentaron significativamente en el cuarto trimestre de 2024, con más de 11,000 hipotecas sin pagos, casi tres veces el número de 2022. La deuda total de los consumidores en Canadá alcanzó los $2.56 billones, afectando especialmente a los jóvenes y personas de bajos ingresos. Aunque algunos canadienses se beneficiaron de…
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10 neighbourhoods where homes are selling fast in the Greater Toronto Area
As spring nears, many Canadians are considering new homes, with outdoor space topping the wish list, according to a Wahi survey. 81% prioritize a backyard, especially among single-family home seekers. Other important features include renovated kitchens (59%), finished basements (42%), and parking garages (39%). Condo buyers prioritize renovated kitchens (68%) and parking garages (53%). Regional…
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$975M Transforms Toronto Waterfront Into a Thriving Hub | Watch Today’s Real Estate Updates & Tips
Governments have committed $975 million to fast-track development on Toronto's waterfront, including 14,000 new homes. The Government of Canada, Ontario, and Toronto each contribute $325 million, plus $200 million for flood protection.
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Canada’s big four housing markets favour buyers; tariffs slowing sales
Canada's housing markets are returning to balanced conditions, with home sales declining in February due to economic concerns, particularly from US tariffs. The Toronto market saw a significant drop in transactions, while Edmonton remains strong. Buyers now have more options, leading to downward price trends in major markets. The trade war poses risks to market…
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Clasificación de los principales mercados de alquiler de apartamentos en Ontario
Los principales destinos de Canadá para quienes buscan apartamentos destacan por las oportunidades laborales, la asequibilidad, los vecindarios transitables y las opciones de transporte. RentCafe.com analizó interacciones para clasificar los mercados de alquiler más atractivos. Ottawa lidera en Ontario, ocupando el cuarto lugar en Canadá, seguida por Kingston (séptimo), Niagara Falls (octavo) y Oshawa (noveno).…
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Toronto’s Spring Market: A Buyer’s Advantage? | Watch Today’s Real Estate Updates & Tips
New listings jumped 48.6% from last year, led by condos. Total sales dropped 7.9%, shifting market power to buyers.
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