Mindblown: a blog about philosophy.
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National Day for Truth and Reconciliation | MrHunter.ca
National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…
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Toronto is fast becoming Canada’s Manhattan
Toronto has emerged as a vibrant city comparable to Manhattan, especially in the last decade. Unlike many U.S. cities that become deserted after office hours, Toronto's streets remain lively at night. Its population rivals that of Montreal and Vancouver combined, with a significant number of construction cranes indicating rapid growth. The city has expanded into…
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The Cost Of Toronto’s Current Planning Policy? Millions Of New Homes, Data Shows
Toronto's restrictive zoning policies primarily favor single-family homes, limiting housing opportunities. Smart Density's Naama Blonder argues that the city has significant potential for growth, estimating it could accommodate 7.6 million new homes and 12 million residents near transit without compromising quality of life. She emphasizes the need for zoning reform, particularly around transit areas, to…
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Toronto’s Lowest Overbidding Rate: 82% Underbid in Early-Q3 | MrHunter.ca
Bidding cooled for the fourth consecutive month in July, despite the BoC's second rate cut. Only 4% of neighbourhoods had homes selling at asking price; 82% were underbids.
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Toronto Home Prices to Rise 11.7% by Q4: Slower Sales? | MrHunter.ca
July saw a 3.3% increase yearly in sales, reversing a previous steep decline. Sales numbers were marginally down MoM, while active listings surged to 23,877.
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Building for a Better Toronto | MrHunter.ca
Critical housing shortage: Rising living costs and lack of construction workers increase the problem.Focus on small units: The Majority of condos are too small for families, exacerbating the shortage of suitable homes.
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Home sales in Toronto rise 0.6% in August 2024
Greater Toronto-area home sales increased by 0.6% in August, rebounding from a 0.8% drop in July, marking only the third monthly rise in eight months. Average home prices fell by 0.8% to C$1.12 million, ending a six-month increase, while new listings decreased by 1.6%. Economists predict home prices may decline as more homeowners list their…
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Provincial and Federal Taxes Affect Toronto’s Bottom Line | MrHunter.ca
Provincial tax changes in Ontario include the CARE tax credit, benefiting families, and reduced business taxes.Federal tax adjustments in Canada support families with increased Canada Child Benefit and altered income tax rates.
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Unexpected Twist: Toronto Condo Rents Falling | MrHunter.ca
Average condo rents in the Greater Toronto Hamilton Area decreased by 1.2% yearly in Q2 2024. Studio condo rents saw a significant drop of 3.9% to $5.18/sq ft, causing investor concerns.
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Who’s Winning in Toronto’s Housing Market? | MrHunter.ca
Personal-use buyers are increasingly active, now making up over 90% of the market. The decrease in investor buyers creates more opportunities for those purchasing homes for themselves.
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