Mindblown: a blog about philosophy.
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Toronto Condos: Flood of Listings, Buyer’s Paradise? | MrHunter.ca
In Mid-Q2, Toronto saw a record 9,951 condominiums for sale, driven by higher interest rates. Investors are selling due to high mortgage costs, insufficient rent coverage, and declining rents.
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Toronto Office Space Vacancy Hits A New Record High
Toronto's office space available for lease surged in Q2 2024, with a fifth of the market now up for lease. Vacant space increased to 14%, while sublet space accounts for 4.2%. Despite high vacancies, prices hit record highs. Demand is stronger in the north and west of the city. Average net asking prices per sqft…
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Check out my new listing Address: 1485 Lakeshore Road E. Unit #817, Mississauga, L5E 3G2
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Toronto Rent Pressure Persists Despite Cuts | MrHunter.ca
Despite low interest rates from 2009 to 2018, avg rents in Toronto ↑35%. In 2018, no Toronto neighbourhoods were affordable for full-time minimum wage workers by standard definitions.
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There are now more homes for sale in Toronto than there have been in over a decade
Toronto's housing market is facing a crisis with plummeting sales and a surge in inventory, leading to properties staying on the market longer. Royal LePage reports the highest number of homes for sale in a decade, indicating an affordable supply issue. Despite high prices, few are buying, causing developers to halt projects. The average home…
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Is Toronto Impossibly Unaffordable? | MrHunter.ca
Toronto ranked among the top 10 most unaffordable cities globally. Urban Reform Institute highlights severe affordability decline since mid-2000s.
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Toronto’s downtown in trouble as owners desperately try and sell office towers
Toronto companies continue to use hybrid work models, leading to high office vacancy rates. Some office tower owners are considering selling or converting to residential buildings due to the lack of demand. Real Estate Investment Trusts (REITs), which own 15% of Canada's office space, struggle with falling market valuations. Downtown Toronto recorded a 18% office…
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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.
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Toronto: Massive Surge in New Homes Underway | MrHunter.ca
Toronto leads North America in construction with more cranes than any other city.
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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.
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