Mindblown: a blog about philosophy.
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How to Turn Home Equity Into Wealth | Watch Today’s Real Estate Updates & Tips
Home equity grows as mortgage decreases and property values rise, creating financial opportunities. Equity can fund renovations, basement suites, or down payments without dipping into savings. Renting secondary units in cities like Toronto or Vancouver increases monthly cash flow and property value. HELOC or home equity loans provide low-interest access to capital for investments or…
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Toronto: Gta’s Suburban Revival Ahead? | Watch Today’s Real Estate Updates & Tips
GTA home prices forecasted to rise modestly (~2–3%) by late 2025, led by outer suburbs. Urban condo market may underperform amid growing supply and shifting preference patterns.
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Achieve Your Dream Home: Ontario’s First-Time Buyer Guide | Watch Today’s Real Estate Updates & Tips
Ensure stable income, sufficient down payment, and readiness before buying your first Ontario home. Review savings, credit, and expenses; budget for mortgage, property taxes, insurance, and closing fees. Get mortgage pre-approval to clarify budget, show seriousness, and speed up purchase process. Define needs: condo, townhouse, location, or lifestyle-friendly features. Tour homes, make an offer, complete…
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Report on purpose-built rentals in GTA paints dire picture on future housing conditions
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…
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Tax Savings Strategies
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…
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Toronto Back in the Game | Watch Today’s Real Estate Updates & Tips
Home sales hit their strongest July in years, showing a clear rebound in buyer activity. Lower borrowing costs and more listings are pulling buyers back into the market. Inventory is climbing, giving buyers more choice across all property types. Prices are slightly softer, keeping the market competitive for those ready to act.
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Home Financing Tips for First-Time Buyers
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,…
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First-time home buying: The financial assistance you need
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,…
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GTA Condominium Prices Fell to $651K | Watch Today’s Real Estate Updates & Tips
GTA condominium prices fell to $651,000 in July, the lowest since February 2021. Condo values dropped 9.3% year-over-year, outpacing the broader market’s 5.5% price decline. A record influx of newly completed condos is extending selling times and increasing negotiation opportunities. Sales volumes rose 5.8% in July, marking the strongest July since 2021 despite falling prices.…
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GTA Achieves Best Mid-Summer Home Sales in 4 Years | Watch Today’s Real Estate Updates & Tips
July 2025: 6,100 sales, ↑10.9% YoY New listings: 17,613, ↑5.7% YoY Average price: $1,051,719, ↓5.5% YoY Market tightening as sales outpace listings Foreign buyer ban exemptions and future relief discussed
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