Mindblown: a blog about philosophy.
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Toronto and Vancouver rents plunge as Canada’s priciest and cheapest markets shift
Canada's rental market continued to cool in August, with Toronto and Vancouver seeing significant yearly rent drops. Toronto's one-bedroom rents fell 12%, and two-bedrooms dropped 12.5%. Vancouver's one-bedroom rents declined 7.1%, and two-bedrooms fell 9.2%. Montreal's rents rose slightly, while Kitchener saw a 9.5% drop. Nationally, rents decreased 4.2% for one-bedrooms and 3.5% for two-bedrooms…
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Why Now Might Be Your Toronto Condo Buying Moment | MrHunter.ca
Slide 1: Market Shift Alert Toronto condos have shifted from bidding wars to a rare buyer-friendly market. Slide 2: Supply Surge New condo sales dropped 69% year-over-year, while inventory reached record highs. Slide 3: Buyer Advantage With abundant listings and eased interest rates, negotiation power is finally back. Slide 4: First-Time Buyer Opportunity Smaller condos…
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Toronto Housing Starts Heading Toward Lowest Total in Three Decades
Toronto is experiencing its lowest annual housing starts in 30 years, with condominium construction dropping 60% and rental-apartment starts falling 8% year-over-year. Vancouver also saw declines, with condo starts down 13.4% and many projects stalled due to high development charges. Across Canada's largest cities, housing starts were flat, as rental construction growth offset declines in…
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Toronto Home Values Poised to Surge by 2032 | MrHunter.ca
Toronto’s housing market has slowed, with sales weak and prices dropping. Forecasts still see prices rising from $1.4M in 2024 to $1.8M by 2032. Faster approvals and lower development fees could help add supply. Yet supply measures alone won’t fix affordability. Population growth, high costs, and long-term policy shifts remain crucial.
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Toronto Real Estate Risks Rising With Soaring Unemployment | MrHunter.ca
Slide 1 🚨 Toronto’s job market cracks: unemployment nears double digits, shaking housing confidence. Slide 2 📈 Toronto CMA unemployment hit 9.4% in August, rising faster than the national average. Slide 3 😳390K unemployed in Toronto CMA, 22% of all unemployed in Canada Slide 4 🏙️ City of Toronto unemployment jumps to 9.8%. Slide 5…
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How to use home equity to take out a second mortgage
Homeowners can utilize their home equity to finance renovations, education, or down payments. Equity builds through mortgage payments and property value increases. Options include second mortgages, home equity loans, and home equity lines of credit (HELOC). A second mortgage allows borrowing against home equity without refinancing. Home equity loans provide a lump sum, while HELOCs…
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Toronto Housing Market Shifts: Buy or Sell? | MrHunter.ca
Toronto’s housing market had its busiest July in 4-yr, with GTA home sales ↑ ~11% yearly. Despite the surge in sales, prices ↓, with the avg selling price ↓ 5.5% yearly to ~$1.05M. TRREB says more households are finding affordable ways to buy, though high borrowing costs remain a challenge. Meanwhile, new home sales have…
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Toronto Back in the Game | MrHunter.ca
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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Toronto Homes: Selling Closer to Real Asking Price | MrHunter.ca
Slide 1 Toronto buyers finally hold power — inventory is high, bidding wars are cooling fast. Slide 2 Average GTA home price dropped 5.2% in August, now at $1,022,143. Slide 3 New listings up 9.4% year-over-year, with 14,038 properties hitting the market. Slide 4 Detached homes saw steepest price fall: down 7.5%, average now $1.31M…
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Prices show no signs of stabilizing in Toronto’s condo market meltdown
Toronto's condo market faces a prolonged crisis with prices hitting a four-year low, down 9.3% year-over-year and 21% since early 2022. Reduced immigration, investor withdrawal, and a surge of new, often small units are worsening oversupply. Despite price cuts, buyers remain hesitant, expecting further declines before the market stabilizes. Experts predict continued price drops until…
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