Mindblown: a blog about philosophy.

Toronto home resales rose 8.4% in May—second consecutive monthly increase. Signs suggest worst-case fears may be fading fast.

↓ 60% new home sales YoY in June; only **510** sold vs. **2,801** 10-yr avg. Condo sales ↓ 67% YoY; **217** sold, 89% below 10-yr avg. Single-family sales ↓ 53% YoY to **293**; 62% below historical norm. High building costs (~$1.5M single-family, $1M condos) and economic uncertainty cited as main causes. Record **22,254** homes on…

Townhouse sales declined just ↓ 4% Q1–Q2, outperforming condo segment sharply. 13 projects launched Q2 with 53% of released units sold—signs of demand resilience. Avg sale price $867K—off peak but holding better than high-rise units. Townhouse projects rebounding after tariff effects, with investor attention returning. Lower risk profile than condos makes townhouses a safer investor…

A full housing market crash in Toronto is unlikely due to continued demand for city living. The mortgage stress test helps prevent mass defaults, lowering crash risk.

GTHA multi-family sales ↓ 67% yearly in the first half of 2025—now deepest discount territory in Canada. Unsold inventory in new condos surges, giving leverage to value-seeking investors. 52 developments dropped prices in 2025, creating ripe buying conditions for strategic entry. Long-term supply drop projected post-2026—entry now may capture future scarcity upside. Investor incentives rising:…

Detached homes = nearly 50% of all GTA sales — first-time buyers are leading! Key Toronto areas: $850K–$1.2M homes selling fast, often with multiple offers. Central core avg. days on market: 19; $1.8M–$2.2M segment also strong. The $2.8M–$3.3M “swing market” is slow — too much inventory, not enough action. Delayed spring market arrived in Early-Summer,…

Toronto condo sales plummeted 75% since 2022 as rates and costs surged in Q1. Inventory hit a 20-year high with 57.4 months of unsold pre-construction units. Avg resale condo prices fell 13.4%, from $1,045 to $812 per sq ft. Over 50% of pre-construction units remain unsold, triggering widespread project cancellations. Affordability gains may fade fast…

Home prices in GTA fell 3.0% year-over-year in Q2. Spring market started slowly, cautious buyers held off.

York Region's average home price fell to $1.24 million in June 2025, down 10.4% annually. Detached homes led the decline, dropping nearly $205,500 from June 2024 to average $1.53 million. Apartment-style condos rose 2.8% since May but remain down 6.3% compared to last year. Active listings jumped 40.1%, while home sales dipped slightly with 1,061…