Mindblown: a blog about philosophy.
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Toronto City Council approves partnership to build more affordable housing in midtown Toronto
Toronto City Council approved the development of 447 new purpose-built rental homes at 275 Merton St., with 30% to be affordable in perpetuity. The City partnered with Collecdev-Markee to combine the property with an adjacent site, aiming to address the lack of affordable housing in Toronto. Construction is set to start in 2025, with completion…
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GTA Home Construction Stalled by Bureaucracy
Taxes, fees, and levies account for 31% of new home costs. Approval processes add months to building projects.
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Ontario’s Top 10 Wallet-Friendly Towns
Nepean: – Avg Home Price: $551K – Avg Household Income: $137K Carleton Place – Avg Home Price: $672K – Avg Household Income: $100K Kanata – Avg Home Price: $694K – Avg Household Income: $146K Tillsonburg – Avg Home Price: $256K – Avg Household Income: $88K
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Early Summer GTA Home Sales Data
GTA Outside Toronto: 3,977 sales in rest of GTA, avg price $1,155,637. Sales ↓ from 4,612 in June 2023. Toronto Sales and Prices: 2,236 sales in Toronto, avg price $1,173,781. Sales ↓ from 2,817 in June 2023.
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House sales dropped $210,000 in Oakville during June
Oakville experienced a significant drop in house sales by $210,000 in June, while sales remained steady in Burlington and Milton. The Toronto Regional Real Estate Board reported slower home sales across Halton. The Bank of Canada's rate cut provided some relief, but additional cuts may be necessary to stimulate sales. In the GTA, home sales…
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GTA Housing Market Cools Down: Average Prices Dip
Avg price for detached homes: $1.5M in May, ↓ 3.2% yearly Avg price for Semi-detached homes: $1.17M in May, ↓ 2% yearly
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GTA Home Sales Decline Despite Rate Cut
June home sales in GTA ↓ 16.4% yearly, with 6,213 homes sold. Avg selling price in the GTA ↓ 1.6% yearly to $1,162,167.
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GTA: Buyers Take the Wheel as Inventory Soars
Sales Slowdown: GTA housing sales dipped 3% MoM, unlike the national markets. Price Segmentation: Entry-level and high-end luxury homes are still selling well, while the middle segment is experiencing a slowdown.
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Toronto Housing Market Faces Decline As Prices Hit New High
Greater Toronto area home sales declined for the fourth consecutive month in May, with prices increasing slightly. New listings rose, but year-over-year figures show a significant drop in sales and prices. The Bank of Canada's high rates are impacting buyer affordability, with potential rate cuts expected to improve the situation. Continue to full article
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What Does a Buyer’s Agent Do?
Handling required paperwork: Managing and organizing all necessary documentation. Drafting and submitting offers: Creating and presenting purchase offers to sellers.
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