Mindblown: a blog about philosophy.
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“Family-Sized Units Missing”: Toronto’s Condo Crisis! | MrHunter.ca
The 2024 Canadian Multi-Residential Satisfaction Study surveyed over 24K residents, revealing shifting buyer preferences.47% of Greater Toronto Area residents view condos as viable long-term housing options, highlighting changing attitudes.
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Toronto Unveils 10-Year Plan to Tackle Housing Challenges
The City of Toronto has unveiled a report outlining a plan to foster a "prosperous, inclusive, and sustainable economy" through public consultation. Introduced by Mayor Olivia Chow, the plan addresses key issues like housing affordability, public safety, and transit efficiency, with 29 action items to be implemented over five years. It aims to tackle rising…
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Toronto’s Plan to Redesign Vacant Home Tax Program | MrHunter.ca
The vacant home tax program faced complaints in 2023, with 169,000 disputes filed. The tax aims to discourage speculators and boost housing supply, vital amid Toronto's housing crisis.
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Toronto’s Condo Market Oversupplied, Low Demand | MrHunter.ca
GTA's condo market is oversupplied, creating advantages for buyers but losses for sellers and developers. Condo sales are down double digits, while available supply has risen similarly, driving prices down by 5%
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Repeal Toronto’s Office Replacement Bylaw to boost housing
JLL's report on Toronto's Office Replacement Bylaw advocates for its repeal to enhance housing supply and support the struggling office sector. The firm argues that eliminating the bylaw would encourage developers to redevelop outdated office buildings, potentially creating over 51,000 new residential units. With office vacancies rising from 6.4% to 18.1% since 2020, JLL emphasizes…
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Home Inspection Checklist Every Buyer Needs! | MrHunter.ca
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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New skyscrapers could replace downtown Toronto office buildings
A developer plans to replace an office complex at 310-330 Front Street West in downtown Toronto with two mixed-use skyscrapers, reaching 70 and 65 storeys. The project will integrate a surviving 16-storey building and primarily feature residential units, with some retail and office space at the base. The towers will provide a total of 1,782…
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Toronto plan advocates commercial rent control
Commercial rent control is proposed in a new 10-year strategy to support small business tenants in Toronto, pending Ontario government approval. The strategy aims to enhance urban vibrancy, job creation, and competitiveness. It includes aligning commercial and residential tax ratios, enhancing small business protections, and supporting public space investments. A fund for businesses affected by…
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Protect Yourself: Know Toronto Tenant Rights | MrHunter.ca
Toronto’s rental market faces rising rents, limited options, and increasing issues like neglect and illegal rent hikes. Ontario’s Residential Tenancies Act protects tenants’ rights, ensuring safe living conditions and privacy safeguards.
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Toronto Rents: Second Highest Amid Market Stagnation | MrHunter.ca
Toronto’s rent prices show slight declines amid stagnant Real Estate activity. Tenants in Toronto and Hamilton enjoy lower apartment rates compared to earlier this summer.
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