Mindblown: a blog about philosophy.

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…

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%…

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…

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…