Mindblown: a blog about philosophy.
-
Reviving Toronto’s Condo Market: What It Takes | MrHunter.ca
In Q2 2024, condo sales dropped 19.8% to 5,474, while new listings surged 36.5% to 16,917. The percentage of pre-construction condos sold in advance has hit a 20-year low, with less than 50% purchased.
-
Toronto: Massive Surge in New Homes Underway | MrHunter.ca
Toronto leads North America in construction with more cranes than any other city.
-
Toronto Home Building Costs Surge 98% | MrHunter.ca
Interest rates have surged to unprecedented levels over the past 18 mo in the GTA. Housing prices have moderated but largely defied the expected downturn in high inflation periods.
-
Toronto Home Sales See First Gain Since January
Toronto home sales increased by 4.2% in June, the first rise in five months, following the Bank of Canada's interest rate cut. Despite a 9.3% increase in listings, benchmark prices rose by 0.4% to C$1.09 million. The market remained subdued compared to previous years, with sales down 16.4% from June 2023. The shifting supply-demand balance…
-
Toronto Reviews New Landlord Renovation Rules | MrHunter.ca
Toronto is exploring new regulations that could introduce specific renovation requirements for landlords.Under the proposed bylaw, landlords must obtain a renovation permit when issuing N13 notices.
-
Toronto home prices are about to spike again
Hardly anyone is buying homes in Toronto's market, but experts predict prices will surge higher later this year. The real estate scene is more balanced with slow sales and high inventory. Affordability hasn't improved, leading to desperate sellers and stalled condo projects. Despite slow activity, home prices are not decreasing. Royal LePage forecasts a 10%…
-
10K Condos Flood Toronto Market | MrHunter.ca
A record number of condos were for sale in the Toronto area in Mid-Q2, with ~10K units available. Investors are selling condos due to higher interest rates, rising mortgage payments, and insufficient rents.
-
Good News for Toronto: Rates Cut Helps Two Groups | MrHunter.ca
Rate Cut Relief: The Bank of Canada's interest rate reduction is a positive step for Toronto's housing market.First-Time Buyers Gain Leverage: The lower rates will make it easier for first-time buyers to qualify for a mortgage and enter the market.
-
5 Key Points to Determine How Much Your Home Is Worth | MrHunter.ca
Location: This includes proximity to desirable amenities, views, noise levels, etc. Comparable homes nearby: Look at recent sales prices of similar homes in your area.
-
Check out my new listing Address: 225 Sherway Gardens Road Unit #1209, Toronto, M9C 0A3
Got any book recommendations?