Mindblown: a blog about philosophy.
-
Niagara Market Update
-
Where to find 3-bedroom homes for under $1M in the Greater Toronto Area
Finding a three-bedroom home for under $1 million in the Greater Toronto Area is challenging, but a study by Wahi identifies 11 communities where this is possible. Most are in Durham Region, including Scugog, Pickering, Ajax, Whitby, Clarington, Oshawa, and Brock. The lowest median price is in Brock at $720,000, while King has the highest…
-
Underbidding Dominates GTA Market in Early-Q4
In October 2024, 70% of homes in the GTA sold for below their list price. Despite increased sales, overbidding activity remains low across the Greater Toronto Area.
-
GTA Home Sales Soar 44% in Early-Q4
In October, home sales in the Greater Toronto Area surged by 44.4% year-over-year, with 6,658 transactions. Toronto saw 2,509 home sales, a 37.6% increase, while other GTA areas rose by 48.9% to 4,149 sales.
-
Urgent Call for Rent-Geared Housing in Ontario
Norfolk and Haldimand face rising demand for rent-geared-to-income (RGI) and affordable housing, with long waits.By 2031, over 18K residents will require housing support, increasing from the current 14,217.
-
GTA Faces 50-Month Condo Supply Glut
The Greater Toronto Area faces a condo supply glut, with nearly 40,000 units unsold or unoccupied. This includes 24,000 unsold new units, 9,000 resale listings, and 5,000 newly completed assignments.
-
GTA Home Sales Rebounding: Stronger Winter Predicted
The GTA housing market showed signs of recovery with an 8.5% increase in home sales. If interest rates continue to decline, a winter surge in home sales and prices is anticipated.
-
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.
-
GTHA New Condo Sales Down 81% Yearly
New condo sales in GTHA totalled 567 units in Q3-2024, the lowest since Q1-1995. Sales ↓ 81% yearly, 87% below the latest 10-year avg for Q3.
-
GTA office availability still rising, but might be nearing peak
Office space availability in the Greater Toronto Area rose to 20.8%, with overall vacancy increasing to 14.4%. The suburban markets outperformed downtown, with availability at 20.1% and vacancy at 12.9%. Sublease space decreased, while total available area reached 39.3 million square feet. Asking rental rates remained stable, and medium-to-large tenant activity is at a high…
Got any book recommendations?