Mindblown: a blog about philosophy.
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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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GTA Home Values Projected to Surge 6% in Q4 | MrHunter.ca
The aggregate home price in the Greater Toronto Area rose 0.7% year over year to $1,155,800 in Q3 2024. Single-family detached homes saw a 1.6% price increase to $1,421,000, while condominiums dipped 0.4% to $722,200.
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Late-Q3 Toronto’s Housing Market Shows Overbidding Trend | MrHunter.ca
Home sales in Toronto increased month-over-month and yearly after a prolonged slowdown. In September, 28% of homes sold above listing price, with St. Clair West leading by an avg of ~$103K.
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Toronto Considering DC Deferrals, Property Tax Cuts For Purpose-Built Rentals
The City of Toronto aims to increase purpose-built rental housing, as outlined in a new report proposing the development of 20,000 new rental homes, including 16,000 purpose-built and 4,000 affordable units. The report calls for a Purpose-Built Rental Homes Incentive to support these goals, which include a tax reduction and deferral of development charges for…
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