Mindblown: a blog about philosophy.
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Single-family rentals outpace multifamily growth
Canada's single-family rental (SFR) households grew nearly 15% from 2016 to 2021, outpacing the 9.4% growth in multifamily rentals. This shift is driven by affordability issues, rising mortgage costs, and lifestyle changes, with solo renters increasing significantly in SFR homes. Ontario and Québec lead this trend, with cities like Markham seeing nearly 70% growth. Many…
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Housing starts for April 2025
Canada's housing starts rose 2.4% in April to 240,905 units, with a 30% monthly increase to 278,606 units. Actual starts in centers over 10,000 population grew 17% year-over-year, reaching a record high for April. Increases were seen in Québec and the Prairies, while Ontario and British Columbia declined. Montreal and Vancouver saw multi-unit start growth,…
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Toronto Home Prices Hit Multi-Year Lows! | MrHunter.ca
The Greater Toronto Area sees a 1.6% drop in single-family home prices month-to-month. The condo benchmark price drops by 1.4%, reaching the lowest point since September 2021.
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Over-Ask Bidding Sparks in Toronto’s Hottest Areas | MrHunter.ca
Over 75% of GTA neighbourhoods are underbid, yet a few key areas are still surging. Top overbid neighbourhoods, Little Italy, Davenport, St. Clair West, The Danforth, and The Junction, combine charm with access.
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Toronto Housing Starts Nosedive | MrHunter.ca
Toronto housing starts dropped 65% in March, led by sharp declines in both multi-unit and single-detached construction. This continues February’s 68% fall, highlighting ongoing struggles for new housing supply in Canada’s largest city.
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Why Are Toronto’s Housing Starts Plummeting? | MrHunter.ca
Toronto's housing market is facing a sharp decline, with sales and new construction slowing significantly. The multi-unit housing sector in Toronto saw a steep drop, impacting overall housing start figures.
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Strategic Renovations Add $250K to Toronto Homes | MrHunter.ca
Targeted home renovations in Toronto can add up to $250K in property value. Smart home improvements focus on functionality, appealing to today’s buyers and maximizing return on investment.
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Toronto Home Prices Dip in Q1, Rebound 3.5% by Q4 | MrHunter.ca
Toronto’s average home price dropped 3.1% as buyer caution grows in Q1 2025. Condo prices fell 3.9%, while single-family homes dipped just 0.8% across the city.
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Trade war puts damper on spring real estate market
Trade war concerns with the U.S. have dampened Canadian home resale markets, causing declines in major cities like Toronto (down 23%), Fraser Valley (26%), Calgary (19%), and Vancouver (13%). New listings rose across all markets, led by Vancouver and Toronto. Montreal and Edmonton saw sales growth. Overall, sales remain historically low in most cities, with…
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Bank of Canada highlights risks to the Canadian housing market
The Bank of Canada's latest Financial Stability report highlights mounting risks in the housing market, with prices falling. Recent data from the Toronto Real Estate Board shows a 23% year-over-year drop in sales and a 54% increase in listings. The condo market is especially struggling, while detached home prices are also weakening. Continue to full…
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