Mindblown: a blog about philosophy.
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GTA Condo Sales Slump Hits High-Density Land Market | Here’s what we have to offer, the best real estate services in the market. We do the hard work for you and make it happen.
Fewer condo sales lead to fewer high-density land sales in the GTA. Developers are reluctant to lower condo prices due to high land acquisition costs.
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Social Cost of GTA Housing Crisis Reaches $37B | Here’s what we have to offer, the best real estate services in the market. We do the hard work for you and make it happen.
A study by the Canadian Centre for Economic Analysis found that the social cost of housing unaffordability in the GTA is $37B.This cost is comparable to the social cost of major health challenges like diabetes and heart disease.
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Greater Toronto Market Update | Here’s what we have to offer, the best real estate services in the market. We do the hard work for you and make it happen.
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Here’s what we have to offer, the best real estate services in the market. We do the hard work for you and make it happen. | Modular Homes: Ontario’s Strategy
Ontario government prioritizes modular homes to tackle housing crisis. The aim is to expedite homebuilding, enhance affordability, and boost job creation.
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Here’s what we have to offer, the best real estate services in the market. We do the hard work for you and make it happen. | Ontario Extends Subsidy for Long-Term Care Homes
The Ontario government allocates $155.5M to expedite long-term care construction projects in 2024. The subsidy program, facilitated 67 projects across the province in its first year.
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Here’s what we have to offer, the best real estate services in the market. We do the hard work for you and make it happen. | OREA Responds to Canada’s Housing Plan
OREA's Commendation: – OREA commends the government for land, infrastructure, and zoning reforms to increase housing construction. 30-Yr Mortgages: – Re-introduction of 30-yr mortgage amortizations for first-timers on new builds, with a call to expand this to all homebuyers.
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Toronto housing costs see some move to cheaper cities
Mauro Quattrochi, an engineer in downtown Toronto, faces a tough decision due to rising living costs. Many residents are struggling with high housing prices and rental rates. Some, like Brad Burgess and Petya Stavreva, have chosen to move to more affordable areas outside the city for a better quality of life. Continue to full article
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Home Insurance: Get the Coverage Before It’s Too Late | Here’s what we have to offer, the best real estate services in the market.
Rising construction costs outpace home insurance adjustments, leaving many homeowners underinsured after disasters. Increased natural disasters and insurer pullout in vulnerable areas limit homeowners' options and drive up costs.
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Toronto home sales ease but prices are still marching on
Toronto's housing market saw a decrease in sales but prices continued to rise. New listings increased significantly, with the average selling price going up slightly. The recreational housing market in Canada is expected to experience strong price appreciation in the coming years, with a shift towards younger buyers. Continue to full article
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Here’s what we have to offer, the best real estate services in the market. We do the hard work for you and make it happen. | Greater Toronto Area: Hot Start, Hotter Summer?
Aggregate home price in GTA ↑ 5.2% yearly to ~$1.2M in Q1 2024. Median price of single-family detached home ↑ 3.9% yearly to ~$1.4M; condo price ↑ 3.7% to ~$734K.
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