Mindblown: a blog about philosophy.
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30-year record low: New condo sales continue to decline in Toronto
New condo sales in the Greater Toronto Hamilton Area have dropped over 60% year-over-year, hitting the lowest quarterly total since 1995. Q1-2025 sales fell 88% below the 10-year average, with only 215 new sales in Toronto, the lowest since 1990. This decline has led to shelving of over 5,700 units in 28 presale projects. Unsold…
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Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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What Federal Housing Promises Could Mean for Toronto and the GTA
Toronto's housing affordability crisis is a key election issue, with all major federal parties pledging to reduce costs and increase supply. Proposals include removing GST on new homes, boosting construction rates, and cutting development fees. Approaches to affordable housing vary, from new federal agencies to land use policies and rent protections. Experts stress that lasting…
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Halton Real Estate: Prices up, Sales Down
Halton Region’s avg home price ↑ 2.6% to $1.19M in February 2025. Home sales ↓ 37.3% to 397, while active listings ↑ 110.8% yearly to 2,060.
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What’s Driving Toronto’s Rental Prices to a 30-Month Low?
Average asking rents in Toronto fell to a 30-month low of $2,615, down 7.6% annually. The decline in Toronto rents follows four consecutive months of annual rent decreases across Canada.
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‘Toughest year in three decades’: New condo sales in GTHA saw steep decline in 2024
Transactions for new condo units in Toronto dropped 64% in 2024, marking the lowest sales since 1996, according to Urbanation. This decline is attributed to negative cash flow, financing challenges, and falling prices. Only six projects launched for resale in Q4 2024, with a mere 10% sold. Despite a record number of new condo completions…
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How to Protect Your Home From Ice Storm
Insulate pipes and maintain stable heating to prevent freezing and bursting during ice storms. Keep gutters, grates, and drainage systems clear to avoid ice buildup and potential water damage.
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Oakville Home Prices Drop 3.3% in Late-Q1
In March 2025, Oakville's avg home price was $1.4M, ↓ 3.3% MoM. Home sales ↓ 32.7%, with 179 sales recorded in March 2025.
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GTA Housing Market Got Proportionately More Affordable in 2024
In 2024, home sales reached 67,610, a 2.6% increase from 2023, while new listings rose by 16.4% to 166,121. This increase in listings provided buyers with more options, limiting price growth. The average selling price for homes was $1,117,600, a slight decline from 2023. Sales of single-family homes increased, but condo sales decreased, particularly affecting…
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Why Toronto’s Housing Falls Behind: Top 5 Q&A
How high are development charges? Development charges in Toronto surged over 1,000% since 2010, now accounting for 30% of a home price. Why is approval time a problem? The average approval time for new housing in the GTA is 20 months, delaying home construction.
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