Mindblown: a blog about philosophy.
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GTA Condo Market: Sales Slump Stalls Projects | MrHunter.ca
Many GTA condo projects halted indefinitely due to market challenges, impacting preconstruction buyers. Sales of new condos hit a 15-yr low, leading to a 52% drop in construction starts.
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Happy Canada Day | MrHunter.ca
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Toronto Real Estate Spirals As Inventory Surges, Demand Hits Historic Low
Toronto real estate saw prices decline in May for the third consecutive year, with the most inventory in over a decade and the weakest May demand on record. The typical home price dropped 0.9% to $1,117,400, down 3.5% from a year ago. Home sales hit a low not seen since 2000, with just 7,013 sales.…
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4X Delays: 11,500 Toronto Home Projects Stalled | MrHunter.ca
There are 60 projects delayed, totalling more than 21,505 units across the Greater Toronto and Hamilton Area (GTHA).In Toronto, specifically, there have been 11,595 delayed units over 29 projects since mid-2022.
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Toronto Condo Market Stalls Despite Looming Rate Cuts | MrHunter.ca
Toronto's condo market struggles to recover, with record resale listings and buyer hesitation. Reasons for the Slowdown: – High interest rates – Increased cost of living – General economic uncertainty
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Toronto’s Spring Favours Homebuyers With Falling Prices | MrHunter.ca
Early-Q2 saw a rise in listings, which experienced a shortage of homes for sale leading to a short-term price surge. The number of properties for sale ↑ 47% yearly.
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Record Number of Condos for Sale in the Toronto Area
In May, Toronto had a record number of condominium listings due to investors selling off properties. High interest rates, declining rents, and upcoming condo completions have reduced investor optimism. Condo prices have plateaued recently. House prices and sales were down, with an increase in listings. Regional trends show declines in sales and prices for both…
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Toronto Housing Market Faces Decline As Prices Hit New High
Greater Toronto area home sales declined for the fourth consecutive month in May, with prices increasing slightly. New listings rose, but year-over-year figures show a significant drop in sales and prices. The Bank of Canada's high rates are impacting buyer affordability, with potential rate cuts expected to improve the situation. Continue to full article
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Toronto Vacant Home Tax: Relief and Resolution | MrHunter.ca
Tens of thousands of Toronto residents are facing vacant home tax bills despite their properties being occupied.Several residents express a desire for clearer communication from the city regarding the declaration deadline.
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Toronto Vacant Home Tax Rollout Issues | MrHunter.ca
The vacant home tax, initiated in late 2021, aims at unoccupied properties, prompting owners to sell or rent; declarations were required before a set deadline. Administration issues with the program emerged in early 2024, prompting an extension of the declaration deadline from February.
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