Mindblown: a blog about philosophy.
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This a bright red warning light’: Toronto’s housing crisis to get worse as development applications drop off
Toronto's housing crisis is worsening due to a significant decline in development applications, according to a study by Altus Group for BILD. New home construction is lagging behind population growth, with applications dropping from 2,482 in 2021 to 1,225 in 2023. The gap between housing stock and population growth is the widest in over 50…
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Canadian Real Estate Is Steady, Except for Toronto! | MrHunter.ca
Canadian Real Estate sales are stable but remain 5% below 2019 levels, reflecting slow growth. Inventory is rising faster than sales, gradually easing market pressure without oversaturating the market.
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Sluggish Summer for Toronto Condos | MrHunter.ca
Toronto's housing market remains sluggish due to strained affordability and higher borrowing costs. Condo and detached home listings surged in Early-Q3, with active condo listings up 64% yearly.
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Toronto housing plan needs more fed, provincial funding
Toronto is making progress on its housing targets but may struggle to meet future goals without significant government support. An annual report revealed the city exceeded its 2023 housing target by 51%, yet funding gaps could hinder future efforts. The city needs $500 to $800 million annually in grants and $6.5 to $8 billion in…
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Rent Relief in Toronto: Supply Side Shows Its Strength | MrHunter.ca
Rent prices in Toronto are falling due to a significant surge in new home construction. Toronto's rental market saw a 6% drop in one-bedroom rents and a 5% drop in two-bedroom rents.
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Toronto Buyers Cautiously Return to Market | MrHunter.ca
The GTA saw the central bank reduce rates, but it hasn't spurred significant market activity yet. GTA sales and new listings were slightly lower in Early-Q3 compared to Late-Q2.
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Toronto Home Prices: Rise or Crash in 2025? | MrHunter.ca
Toronto home prices are forecasted to continue rising, possibly reaching record levels by 2025. This prediction is fuelled by several factors, including a persistent housing shortage and unwavering demand from buyers.
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Toronto has entirely too many condos on market and nobody is buying
Experts warn that Toronto's real estate market is facing an oversupply of condos, benefiting buyers but hurting sellers and developers. TD Economics highlights a significant increase in condo listings, with supply up over 30% compared to typical levels. The average condo price has dropped by 5% from 2023, with further declines expected. Weak sales and…
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National Day for Truth and Reconciliation | MrHunter.ca
National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…
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Toronto is fast becoming Canada’s Manhattan
Toronto has emerged as a vibrant city comparable to Manhattan, especially in the last decade. Unlike many U.S. cities that become deserted after office hours, Toronto's streets remain lively at night. Its population rivals that of Montreal and Vancouver combined, with a significant number of construction cranes indicating rapid growth. The city has expanded into…
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