Mindblown: a blog about philosophy.
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Toronto City Council approves partnership to build more affordable housing in midtown Toronto
Toronto City Council approved the development of 447 new purpose-built rental homes at 275 Merton St., with 30% to be affordable in perpetuity. The City partnered with Collecdev-Markee to combine the property with an adjacent site, aiming to address the lack of affordable housing in Toronto. Construction is set to start in 2025, with completion…
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Toronto approves plans to build more rental homes
Toronto's city council has approved measures to boost rental housing, including a program to create 65,000 rent-controlled homes by 2030. The plan includes $351 million for 18 affordable rental projects, a fund to support non-profits, co-ops, and Indigenous housing providers, and updates to acquire private market rental housing. A strategy to protect tenants from renovictions…
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Where to Buy Detached Homes for Less in Toronto | MrHunter.ca
Detached homes in Leslieville, Riverside, and Little India average $1,632,400, close to Toronto's benchmark price. Regent Park, St. James Town, and Corktown homes cost $1.6M, below the city avg.
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Proposal in Toronto: Double Unit Cap to 60 | MrHunter.ca
Toronto City Council will vote on allowing townhouses and small apartments on major streets. The plan aims to relax zoning bylaws to enable buildings up to 6 storeys.
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Toronto could soon make it much harder for landlords to kick out tenants
Toronto is contemplating new regulations to curb "bad faith renovictions," drawing inspiration from a Hamilton bylaw that mandates landlords to secure a renovation permit before issuing renoviction notices. The aim is to prevent landlords from evicting tenants under the pretense of renovations to increase rents. If passed, the bylaw would necessitate landlords to furnish renovation…
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Toronto Developers’ Insights: Housing Market Predictions | MrHunter.ca
Toronto housing prices ↓ 10%-15% from early 2022 due to rising interest rates. Developers predict price recovery if interest rates ↓ (potentially by June) due to high demand.
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Toronto has a shocking number of new homes planned and under construction
Toronto has a vast number of new homes planned and under construction, with over 694,818 homes in the pipeline. This includes 258,397 units approved and awaiting construction, and 436,421 units proposed and under review. These figures could provide homes for 22% of the city's residents. Toronto exceeded its 2023 housing targets, receiving a $114 million…
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East-End Toronto Shows Mixed Housing Trends in Early-Q2 | MrHunter.ca
East York and Danforth North home prices averaged $1.3M, ↑ 12.5% MoM and ↑ ~6.5% yearly. Riverdale and Danforth Southwest home prices averaged $1.2M, ↑~5% MoM but ↓~4% yearly.
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Toronto’s Spring Slowdown Benefits Buyers | MrHunter.ca
Toronto's housing market experiences a spring slowdown, favouring buyers. Listings ↑~50%, but sales ↓5% yearly.
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Toronto’s Market: Glut of Homes but Few Buyers | MrHunter.ca
Toronto Real Estate market facing a surplus of homes with low buyer interest. There's a surge in resale condo listings and new listings across all housing types.
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