Mindblown: a blog about philosophy.
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GTA Condo Listings Soar Ahead of Rate Cuts
Double-digit condominium inventory growth in Toronto reflects increased seller participation as buyers anticipate future rate cuts.Average condominium prices in Greater Toronto fell by 2% compared to the previous year, reaching ~$733K
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Will Ottawa’s New Mortgage Rules Help You Buy in GTA?
Ottawa's new mortgage rules aim to assist homebuyers in the Greater Toronto Area (GTA). Eliminating the 20% downpayment requirement for $1M to $1.5M homes increases accessibility.
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Waiting list spots available to own a home on the Toronto Islands
Prospective home buyers can now apply for a chance to own a home on the Toronto Islands by joining the Purchasers' List, open for four weeks every two years. There are 27 spots available, and a draw will determine who gets added to the waiting list, which can hold up to 500 names. Homes range…
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GTA’s Home Sales Rise in Late-Q3: Is Recovery Close?
GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.
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Toronto’s Fall Housing Market Remains Cool As Rate Cuts Not As Certain
The Toronto housing market remains cool despite a warm September, with modest sales increases but fewer buyer showings. Inventory levels are rising, with condos at 6.6 months of inventory and houses at 4.4 months. The average house price is $1,332,940, down 2% from last year, while condos average $706,625, down 4%. Economic uncertainty and geopolitical…
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Home Inspection Checklist Every Buyer Needs!
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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GTA Housing Market: Growing Demand-Supply Gap
A growing gap exists between home demand and housing starts in the Greater Toronto Area. Housing start applications decreased from 2,428 in 2021 to 1,225 in 2024, worsening affordability.
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Why Won’t Lower Rates Fix GTA’s Housing Crisis?
First-half 2024 saw low sales due to high interest rates and construction costs, with no expected rebound. Record-low sales will lead to fewer housing starts, worsening future housing supply in the region.
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Why You Need a Real Estate Lawyer in Toronto for Your Next Property Purchase
Buying property in Toronto involves excitement but also significant paperwork and potential hurdles. A real estate lawyer is essential for navigating complex contracts, protecting against hidden liabilities, and ensuring smooth negotiations and closing processes. They are familiar with Toronto's unique regulations, helping buyers avoid costly mistakes and providing peace of mind. Ultimately, hiring a lawyer…
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Fewer Applications: GTA Housing Supply at Risk
The construction of new homes is falling behind population growth, worsening housing affordability in the GTA.Development applications dropped significantly, threatening the housing supply.
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