Mindblown: a blog about philosophy.
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GTHA Slowest Major Multi-Family Market Behind Calgary and Metro Vancouver
Multi-family sales in the Greater Toronto and Hamilton Area fell 67% in the first half of 2025, with new condominium apartment sales dropping 78% year-over-year in Q2. Townhouse sales declined 45% year-over-year but showed signs of recovery. Over 7,100 units shifted to rental tenure since September 2024. New condo deliveries surged, but future supply is…
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GTA New-home Sales Plummet 60% Amid High Building Costs, Economic Uncertainty
New home sales in the Greater Toronto Area plunged 60% year-over-year in June, with only 510 units sold, far below the 10-year average. Condominium sales fell 67%, and single-family homes dropped 53%. High building costs, economic uncertainty, and taxes are key factors behind the slowdown. Inventory is at record levels, creating opportunities for buyers, while…
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What’s Next for Toronto’s Iceberg Homes? | Watch Today’s Real Estate Updates & Tips
Toronto will consult stakeholders on Official Plan amendments to regulate iceberg homes’ impact on communities. Iceberg homes feature larger below-grade footprints with multi-storey basements, currently regulated like standard detached houses.
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Happy Long Weekend! | Watch Today’s Real Estate Updates & Tips
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GTA Homebuyers Benefit From Lower Prices in 2025 Q2 | Watch Today’s Real Estate Updates & Tips
Aggregate GTA home price ↓ 3% YoY to $1,155,300 in Q2 2025. Condos ↓ 5.6% to $699,700; single-family homes ↓ 1.2% to $1,448,700. Many buyers waited due to economic uncertainty, elections, tariffs, and job loss concerns. 28% of Canadian renters considered buying before renewing leases; increased showings for lower-priced GTA homes. Royal LePage expects GTA…
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GTA Homes Lost $17K—in One Month! | Watch Today’s Real Estate Updates & Tips
June 2025 saw Toronto home prices fall below $1M for first time since 2020. Benchmark price dropped 1.8% in June alone, totaling a $58.4k annual decline.
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Do Renovations Really Increase GTA Home Values? | Watch Today’s Real Estate Updates & Tips
Renovated homes in the Greater Toronto Area generally sell for more than non-renovated homes. Toronto city shows the largest price premium for renovations, about seven percent higher than non-renovated homes.
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Toronto Forecast for Rest of 2025 | Watch Today’s Real Estate Updates & Tips
Home prices expected to rise 4–5% by end of 2025. Strong immigration will support continued buyer demand.
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GTA Mortgage Activity Slips: But Not the End? | Watch Today’s Real Estate Updates & Tips
GTA mortgage originations fell to $3.3B in Q2, down from $4.4B in Q1. Uninsured loan-to-value ratios in Toronto dropped to 60%, down from 62% last quarter.
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GTA Land Deals Hit 5-Year Low in 2025 | Watch Today’s Real Estate Updates & Tips
In Q1 2025, only 47 land sales closed for $398M — lowest in five years. New condo construction starts drop 80% in Q1.
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