Mindblown: a blog about philosophy.
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Why Apartments Dominate Ontario’s Housing Market
Ontario's housing market is dominated by apartments, comprising 83.72% of new home sales, signaling a growing urban trend. Single-family homes rank second in Ontario, representing 10% of new sales, highlighting suburban preferences.
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Selling in 2025? 6 Must-Haves for Your Home
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern.
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More than 1 million Canadian mortgages are up for renewal in 2025. Is your Ontario home one of them?
As the New Year approaches, 1.2 million mortgage holders in Canada are set to renew their home loans, with 85% of these mortgages signed when interest rates were at or below one percent. Many homeowners will face significantly higher rates, raising concerns for the economy. The Bank of Canada has reduced its key interest rate…
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Ontario’s Cooling-off Period for Purchases
Buyer’s remorse is the regret felt after significant purchases, particularly homes. Ontario's Consumer Protection Act allows buyers a cooling-off period for certain purchases.
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Mississauga unveils incentives to boost housing supply
The City of Mississauga is offering financial incentives to homeowners to build additional residential units (ARUs) to tackle the housing crisis. These incentives, announced on National Housing Day, include waiving building permit fees and development charges for new fourplex developments. The city seeks to promote "gentle density" and boost housing supply while revitalizing communities. Homeowners…
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Ontario’s Open Bidding Real Estate Law
Since December 2023, Ontario sellers can opt for open bidding, disclosing bid details to all participants. Open bidding can reduce overbidding by giving buyers insight into competing offers, potentially stabilizing prices.
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Ontario Property Reassessment Paused
Property reassessment in Ontario remains on hold, maintaining 2016 market values for the 2025 tax year. The fall economic statement reveals upcoming flexibility for municipalities regarding student housing tax subclasses.
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FSRA Tightens Oversight on Private Mortgages in Ontario
FSRA’s 2024-2025 plan focuses on protecting consumers in the expanding private mortgage market. Private mortgages hit 20.4% of market volume and 15.6% by value in 2023, increasing from 2022.
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Future Milton development to bring homes, jobs for 57,000 residents
Milton council is advancing the Britannia Secondary Plan, covering a 900-hectare area along Britannia Road, aimed at accommodating a population of about 57,000 in over 17,000 dwelling units and creating 9,300 jobs. The plan features five distinct neighborhoods, with a central Urban Village Centre designed as a transit-friendly hub. It includes diverse housing options, parks,…
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Mississauga’s Median Rent: Late-Fall Update
As of November 2024, the median rent for all bedroom counts and property types in Mississauga is $2,575, ↓ 5% yearly. Mississauga's median rent is 36% higher than the national avg, with the avg rent per sq ft at $3.15. Apartments in Mississauga rent for $2,500 on avg (↑ 8%), while condos avg $2,650 (↑…
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