Mindblown: a blog about philosophy.
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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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MrHunter.ca | Toronto’s Late-Q1 Sales Dip, Prices Rise Despite Lower Demand
Home sales in Greater Toronto ↓ 4.5% in March yearly, totaling 6,560 sales. Despite lower sales, the avg selling price of homes ↑ 1.3% yearly to $1.12M.
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Toronto Real Estate Inventory Soars, One of The Weakest Months Ever
Greater Toronto real estate prices saw a significant increase in April, with the benchmark price rising by 1.3%. However, this rise was not due to a strong market, as home sales were weak and new listings surged by almost 50%. Despite the monthly increase, annual growth was lower than the previous year. Continue to full…
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Toronto’s vacant home tax to continue with major revisions
Toronto's vacant home tax will continue despite opposition from five councillors, but changes are planned for the 2024 taxation year. Mayor Olivia Chow acknowledged the program's flaws and promised improvements. Late fees will be waived for those who missed the occupancy declaration deadline, and refunds will be issued. The overhaul aims to make the reporting…
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