Mindblown: a blog about philosophy.
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MrHunter.ca | GTA Housing Prices Expected to Jump 10% by Year’s End
A report predicts GTA housing prices will rise 10% by the end of 2024, due to strong demand and low supply. The increase is attributed to factors like warm weather, reduced interest rate expectations, and high immigration.
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MrHunter.ca | Toronto’s Housing Shortage: 3 Contributing Factors
Perspectives emphasized urgency in solving Canada's housing crisis through demand reduction and faster construction. Interest rates impact affordability; a balanced market is needed to tackle future challenges.
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MrHunter.ca | Understanding GTA Condo Fees: What You Pay and Why
Condo fees: – A monthly cost for condo owners that covers building insurance, maintenance, amenities, and reserves. Fees vary widely: – This analysis looked at the 10 most expensive and cheapest condo fees for 1-bed units sold in the GTA.
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MrHunter.ca | Late-Q1 Shows Price Increase, Sales Decline in GTA
The avg home price slightly ↑ yearly in Toronto, reaching $1.1M in March. This represents good news for older homeowners looking to downsize and sell their properties.
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MrHunter.ca | Bidding Wars Return to Toronto’s Real Estate Market
Bidding wars are back in the Toronto Real Estate market.~50% of the neighborhoods are now considered "in bidding war territory".
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MrHunter.ca | Delayed Spring Market Hits GTA Housing
Market momentum at the beginning of 2024 has been muted as interest rate cut hopes are delayed. Q1 ended with ↑ 11.2% yearly in sales and ↑ 18.3% in new listings.
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Toronto neighbourhoods have found new way to keep homes and businesses affordable
Multiple Toronto neighbourhoods, including Chinatown, Kensington Market, Parkdale, and now Little Jamaica, are using Community Land Trusts (CLTs) to preserve local businesses and affordable housing. The Little Jamaica Community Land Trust (LJCLT) was recently launched to protect vulnerable residents and businesses. LJCLT aims to advance social, cultural, and economic growth in the neighbourhood. Continue to…
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Developers offering new incentives as Toronto preconstruction condo sales plummet
Preconstruction condo sales in Toronto have dropped significantly, leading developers to offer attractive incentives to attract buyers. High interest rates have caused construction costs to rise, resulting in project delays and cancellations. Developers are now offering various incentives such as reduced deposits, free parking, and mortgage assistance to entice buyers without lowering unit prices. Continue…
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MrHunter.ca | Greater Toronto Area’s Middle Housing Revolution: Unlocking Affordable Living
Population vs. Housing: – GTA's growth outpaces the supply of attainable homes. Support for First-Timers: – Enhanced government aid is essential for market entry.
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MrHunter.ca | Toronto’s Housing Affordability Crisis Just Hit the Worst Level
Toronto's housing market is showing signs of recovery despite the high interest rates in 2023. However, affordability is at an all-time low, making it the hardest time ever to buy a home in Canada.
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