Mindblown: a blog about philosophy.
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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Toronto Office Vacancy Hits 18.6%, Peaking in 2025
Toronto's office vacancy rate stands at 18.6%, driven largely by older buildings struggling for tenants. Office vacancy is expected to peak in early 2025, marking the end of the remote work adjustment.
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GTA condo buyers gain leverage as inventory outpaces sales
Homebuyers in the Greater Toronto Area (GTA) are gaining negotiating power as new listings surged in 2024, outpacing sales and increasing inventory. This trend is expected to continue into 2025, benefiting first-time buyers due to declining borrowing costs. TRREB reported a 2.6% rise in home sales and a 16.4% increase in new listings, while the…
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Town planners give thumbs down to the province’s tall tower proposal for Midtown
An 88-page report from Oakville's planning staff critiques the province's proposal for 11 residential towers near the Oakville GO station, citing concerns over density, traffic, flooding, and lack of community benefits. The plan, which allows for 6,900 condo units, is seen as excessively residential and lacking necessary infrastructure and parkland. Town council has not yet…
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Milton Market Update
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Province unveils proposal for 11 tall towers in Midtown Oakville
Infrastructure Ontario is proposing a transit-oriented community (TOC) in Oakville’s Midtown area, featuring 11 towers between 46 and 59 storeys high, developed by Distrikt Developments. The project aims to create approximately 6,908 residential units and enhance local amenities near the Oakville GO Station. While the plan includes various public spaces and transportation improvements, some local…
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Is 2025 the Year to Buy an Ontario Cottage?
Ontario cottage market anticipates strong 2025 sales due to improved buyer sentiment and falling rates. Cottage prices have levelled but are expected to rise, particularly for scarce waterfront properties.
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Lowered Projections Signal Ontario Housing Struggles
Ontario lowers new housing projections for coming years, missing its 1.5M home target. 2024’s target of 125K homes has been reduced to 81,300 due to economic factors.
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Ontario’s Winter Vacation Homes Set to Soar
The median price for Canadian vacation properties is projected to rise 7%. Canada's winter vacation properties may reach a median price of $1,019,960.
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Municipality Adopts Cost of Living Adjustment for 2025
At the November 18 council meeting, a report recommended a 2% cost of living adjustment (COLA) for the township’s compensation programs in 2025, which was unanimously approved. This adjustment applies to staff compensation, council honorariums, and the volunteer firefighter program, ensuring competitiveness in the job market. The financial impact is estimated at $25,096, with plans…
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