Mindblown: a blog about philosophy.

Toronto saw a 151% year-over-year increase in multi-unit building starts in December, leading Canada's largest cities. Montreal experienced a 123% rise across various dwelling types, while Vancouver had a 17% increase mainly in multi-unit dwellings. Nationally, housing starts reached 259,028 in 2025, a 5.6% increase from 2024, with rental housing comprising over half of urban…

Home sales in the Greater Toronto Area declined by 11.2% in 2025 amid economic uncertainty, with 62,433 homes sold. New listings increased by 10.1%, reaching 186,753, leading to improved affordability. The average selling price dropped 4.7% to $1,067,968. December saw a 6.3% decline in benchmark prices and a 5.1% drop in average selling price to…

Home sales in the Greater Toronto Area in 2025 hit their lowest level since 2000, with only about half of listed homes selling. Nearly 47% of unique listings expired, were terminated, or remain unsold. There were 60,597 resale transactions, less than half the peak in 2021 and lower than during the 2008 financial crisis. The…

To pay down your mortgage faster and save on interest, make prepayments when allowed, and keep payments steady if your interest rate drops to reduce principal faster. Increase payments if your income rises and use renewal periods for lump sum payments without penalties. Opt for bi-weekly payments, consider flexible mortgages for prepayment options, or choose…

First-time homebuyers in Canada should determine their budget, get pre-approved for a mortgage, and estimate upfront costs including down payment (5-20%), closing costs (2-4%), CMHC insurance if under 20% down, legal fees, land transfer tax, property tax, home insurance, and moving expenses. Building a real estate team and understanding the local market are crucial. Various…