Mindblown: a blog about philosophy.
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Toronto’s Condo Boom Wanes as Starts Plummet | MrHunter.ca
Toronto's housing starts are cooling significantly, with new construction dropping sharply from last year's figures. Year-to-date housing starts fell by 20% since 2023, reflecting a considerable reduction in developer activity.
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Mayor Chow proposing big change that would see buildings go up all over Toronto
Mayor Olivia Chow has proposed changes to Toronto's housing development process, advocating for as-of-right zoning on major streets to facilitate mid-rise buildings. This initiative aims to move away from tall towers and create a more Parisian-style residential density. The plan seeks to expedite approvals and reduce costs by addressing outdated zoning regulations. If adopted, it…
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Five Months of Decline: Toronto Home Prices Drop 1.2% | MrHunter.ca
Toronto home prices dropped 1.2% in Late-Q3, marking five consecutive months of decline. Prices are now 4.6% lower than last year, nearing a three-year rollback to 2021 levels.
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Top Tips for Renting an Apartment in Toronto
Renting an apartment in Toronto offers excitement but comes with challenges due to high demand and competition. To navigate this market, set a realistic budget, considering all expenses. Research neighborhoods that align with your lifestyle, and prioritize your must-haves. Use online resources for listings, but visit multiple properties to assess their condition. Prepare to act…
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UrbanToronto Industry Updates: City of Toronto’s Rental Housing Push, Ontario Market Forecasts, and December’s Buildings Show
This month highlights new housing initiatives and market forecasts in the Greater Golden Horseshoe. Toronto aims to create 20,000 new rental homes, while BILD calls for broader strategies to address rising construction costs. Ontario's housing market is projected to rebound in 2025 with nearly a 10% increase in home sales. The Hamilton LRT project progresses…
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Toronto Fall Housing Market Update | MrHunter.ca
Sales up slightly, but showings and buyer activity have decreased compared to six months ago. Condo market inventory reached 6.6 MOI; house market at 4.4 MOI.
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Toronto Boosts Vacant Home Tax to 3% | MrHunter.ca
Toronto City Council approved a vacant home tax increase for 2024, raising the rate to 3%. The vacant home tax is projected to generate $105M in 2024.
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Toronto Rents Could Soar Without Increased Construction | MrHunter.ca
Average monthly rent in Toronto may reach $4,100 by 2027 if current trends continue. Construction needs to increase sixfold to meet Toronto’s growing housing demand and supply challenges.
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Toronto To See Taller Buildings Once New Zoning Policy Is Introduced
Toronto may see taller buildings along its busiest streets as a new policy for as-of-right zoning for mid-rise buildings is set for discussion at a City Council meeting. If approved, this policy would allow buildings up to 11 storeys on designated Avenues, addressing the ongoing housing crisis. The City aims to update zoning permissions to…
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New Toronto initiative aims to spark construction of 20,000 rental homes
City of Toronto staff have proposed the Purpose-built Rental Homes Incentive to support the development of 20,000 new rental homes. This initiative includes significant breaks on development charges and property taxes for projects that incorporate at least 20% affordable units. The city aims to kick-start the program by approving 7,000 new rental homes immediately. Mayor…
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