Mindblown: a blog about philosophy.
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Elevated Supply Reducing Advertised MF Rents in Major Markets
Elevated supply is lowering advertised multi-family rental rates in major Canadian markets, though rents still rise overall. Vacancy rates are expected to increase through 2025. Since late 2024, asking rents dropped between 2% and 8% in Calgary, Toronto, Vancouver, and Halifax, while Edmonton, Ottawa, and Montreal saw slower rent growth. CMHC-backed financing supported 88% of…
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Toronto’s Summer Housing Forecast: What’s Next? | MrHunter.ca
Summer sales are slowly rebounding, but buyer hesitation continues due to emotional and economic uncertainty.Listings have surged to 2002 levels, giving buyers more options and negotiating power this summer.
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Toronto Rents Dip for First Time in Three Years — But Experts Warn It Won’t Last
Toronto condo rents fell 1.2% year-over-year in Q2 2024, the first drop since 2021, with studios down 3.9% and one-bedrooms 1.8%. Average rent is $3.97 per sq ft, about $2,723 monthly. Despite a 29% rise in lease transactions, increased listings eased rent pressures temporarily. However, rental construction remains insufficient to meet demand, and rents are…
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Happy Long Weekend! | MrHunter.ca
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Toronto condo crisis: Why a full-blown meltdown looks unlikely for now
Toronto's condo market faces a sharp correction with falling demand, prices, and a surge of new inventory expected, deepening challenges for investors. Lower immigration and rising interest rates have increased mortgage costs, reducing buyer interest. While short-term oversupply looms, construction is slowing, limiting long-term supply. Prices have dropped about 7% year-over-year, but demand may rebound…
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Toronto Housing Starts Plunge 40% in Early-Summer | MrHunter.ca
Toronto’s housing starts fell sharply, down 40% compared to June 2024. The decline was mainly due to fewer multi-unit housing projects in the city. High construction costs and economic uncertainty are slowing new project activity in Toronto. Despite national growth, Toronto's new home momentum is clearly losing steam. The city’s housing market may need renewed…
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Toronto Housing: Demand Outruns Supply | MrHunter.ca
Toronto’s population is surging, but housing supply isn’t keeping pace, worsening affordability challenges. Residents spend a large portion of income on housing, ranking Toronto among the world’s least affordable cities.
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Toronto Listings Surge Past 30K Units in Mid-Q2 | MrHunter.ca
Toronto housing market offers buyers more choices with 30K active listings in May 2025. Inventory ↑ 41.5% yearly, creating rare opportunities across various property types, especially condos
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Toronto Condo Market Dips, but Crash Unlikely | MrHunter.ca
Toronto’s condo market is undergoing a sharp correction with falling prices, low sales, and rising inventory. However, experts say a full-blown crash is unlikely due to long-term housing demand and reduced future supply as developers pause new projects.
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Mid-Q2: Toronto Tenants See Relief After Long Squeeze | MrHunter.ca
As of May 2025, Toronto rents have declined for eight straight months, showing a major shift in affordability. One-bedroom rent ↓ 7.1% yearly, now averaging $2,302
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