Mindblown: a blog about philosophy.
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GTA Housing Costs: 25% Government Fees Impact
Land costs account for up to 25% of a new home’s cost, influenced by limited urban expansion. 72% of people support expanding municipal boundaries, while 69% favour higher-density development.
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GTA Mid-Q3 Is a Buyer’s Market: Condo Investors’ Chance?
The Toronto condo market in Mid-Q3 2024 saw price adjustments and slower sales, making it a good time to explore options. The GTA witnessed a 5% yearly decrease in benchmark home prices.
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New condo coming to Oakville is doing something very different
A new condo community, The Residences at Bronte Lakeside in Oakville, is gaining attention for its transparent development process. Since its launch in 2022, it has maintained open communication with purchasers, updating them on progress, including the ongoing demolition. The project features a GeoExchange system for energy efficiency. The construction phases include excavation, structural work,…
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Condo Renovation Do’s and Don’ts
Develop a detailed plan, including budget and design goals, before starting your condo renovation. Allocate a budget that accounts for unexpected costs and allows flexibility throughout the renovation.
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GTA Basements Earn Homeowners up to $2,600
GTA homeowners can earn between $1,800 to $2,600 monthly by renting their basements. Old Toronto leads with potential annual rental income of $31,200, highest in the GTA.
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GTA Condo Hunting? These Options Are Under $550K
A study found 10 Greater Toronto Area communities where condos sold for under $550K this year. East York in Toronto had the lowest median condo price at $485K, despite a $499K listing price.
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Toronto Real Estate: Inventory Surges, Condos Buck The Trend
In the Toronto real estate market, overall stability is noted, but condos are facing unique challenges with inventory outpacing sales due to a surge in new listings. The Canadian Real Estate Association reported a significant increase in inventory as sellers entered the market. Meanwhile, a tragic discovery of a missing real estate agent's remains was…
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Here’s how much you can make renting your basement in and around Toronto
Renting basement apartments in Toronto can yield significant income, with average monthly rents reaching up to $2,600 in some neighborhoods. Old Toronto tops the list, followed by East York ($2,450), York ($2,350), Etobicoke ($2,300), and Oakville ($2,200). While Oshawa offers lower rents ($1,875), it also has the lowest home prices, making it a better investment…
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Interest Rate Cuts Starting To Lift Toronto Home Sales
Interest rate cuts are starting to impact Toronto's housing market, with an increase in sales noted last month. TRREB President Jennifer Pearce indicated that borrowing costs are expected to decline further, leading to lower monthly mortgage payments and potentially accelerating sales. In July, there were 16,296 new listings, an 18.5% year-over-year increase, although sales and…
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Can Lower Rates Fix GTA Housing Crisis?
High interest rates have reduced GTA housing demand by 50%, increasing inventory and moderating pricesMunicipal approvals in the GTA take up to three years, delaying new home supply and increasing costs.
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