Mindblown: a blog about philosophy.
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TRREB predicts Toronto homebuyers will catch a break in 2025
TRREB forecasts a buyer-friendly housing market in the Greater Toronto Area (GTA) for 2025, despite challenges of affordability, housing supply, and traffic congestion. As immigration drives demand, infrastructure improvements are necessary. The average home price is expected to reach $1.14 million, with a moderate growth of 2.6%. An Ipsos survey indicates 28% of respondents are…
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Vacant Home Tax declaration deadline coming up on April 30
Owners of residential properties in Toronto must declare their occupancy status by April 30 to avoid the Vacant Home Tax (VHT), which is 3% of the property's assessed value. The City has received declarations for nearly 96% of properties. A property is considered occupied if it serves as the homeowner's principal residence for at least…
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Why Toronto’s Housing Falls Behind: Top 5 Q&A | MrHunter.ca
How high are development charges? Development charges in Toronto surged over 1,000% since 2010, now accounting for 30% of a home price. Why is approval time a problem? The average approval time for new housing in the GTA is 20 months, delaying home construction.
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Missed Inspection? Your Toronto Building Permit at Risk! | MrHunter.ca
Toronto Building may revoke your permit if no inspection requests are made for 18+ months. A Notice of Intention to Revoke will be sent to permit holders without inspection requests.
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Will the Toronto Housing Cool Further or Rebound? | MrHunter.ca
Despite a slow market, price declines have been gradual, with some segments showing resilience. Detached homes saw a 31.1% sales drop but maintained a slight price increase of 0.2% in Mid-Q1.
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Toronto Housing Market Outlook 2025
In January 2025, the average home price in Toronto rose by 0.5% year-over-year to $1,070,100, while single-family homes increased by 1.3% to $1,294,000. However, condo prices fell by 3.4% to $642,300. The rental market also saw an 8.0% decrease in average rent to $2,615. Despite a 7.9% decline in home sales, a surge in new…
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Happy Easter | MrHunter.ca
Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such…
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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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Buyers offering way under asking price for homes in most parts of Toronto area
Bidding activity on homes in the GTA slowed in March due to ongoing trade tensions between Canada and the U.S., leading many potential buyers to delay homeownership. A report by Wahi revealed that only 20% of GTA neighborhoods were in overbidding territory, down from 43% a year ago, while 73% were in underbidding territory. In…
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Toronto: 14th in Canada for Apartment Rental Interest | MrHunter.ca
Toronto's rental market is heating up, jumping six spots to 14th in renter interest nationwide. With a renter interest score of 64.2, Toronto surpasses Guelph, Hamilton, and Kitchener in Ontario rankings.
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