Mindblown: a blog about philosophy.
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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 Homebuyer Budget: Can You Afford It?
Single-family detached: – Home price: ~$1.3M – Income needed: $269K/yr – Mortgage payment: $6,485/mo Single-family attached: – Home price: ~$1M – Income needed: $208K/yr – Mortgage payment: $4,976/mo
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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. | Mid-Q1 Housing Trends in East-End Toronto Areas
Avg home prices in Mid-Q1: – East York & Danforth North: ↑ 18.5% MoM to $1.22M – Riverdale & Danforth Southwest: 6.6% MoM to $1.19M – The Beaches & Danforth Southeast: ↑ 8.8% MoM to $1.31M Detached houses: – East York & Danforth North: ↑ 15.6% MoM to $1.4M – Riverdale & Danforth Southwest: ↑…
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Should Toronto Embrace More Modular Homes?
The Toronto Regional Real Estate Board emphasizes the need for more affordable housing options and suggests modular housing as a solution due to its efficiency and cost-effectiveness. Minister Paul Calandra's initiative aims to construct 1.5 million homes by 2031, with a focus on modular housing. Modular homes are gaining popularity in Canada, offering environmental benefits…
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Here’s what we have to offer, the best real estate services in the market.| Canadian Credit Card Debt Rose Faster Than the Mortgages
Canadian household debt growth is slowing down, but it's still the slowest in decades. This slowdown is mainly due to slower mortgage debt growth, while credit card debt is rising 3 times faster.
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Mid-Q1 Sales by Major Home Types in the Greater Toronto Area
Detached: 2,495, ↑ 21% yearly Semi-detached: 463, ↑ 16.9% yearly
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We do the hard work for you and make it happen. Starting a Bidding War? Tips for Toronto Sellers
Sellers are advised to carefully consider their circumstances and goals before opting for this tactic. Listing low might be suitable for sellers seeking a quick sale but may not be ideal for those prioritizing certainty.
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The Hottest GTA Neighborhoods for Overbidding in Mid Q1
Victoria Square in Markham topped the list for overbidding in February, with a median overbid amount of ~$255,000. Following closely was Salem Heights in Ajax, with a median overbid amount of $141,000.
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Why Green P parking lots in Toronto could soon become housing hotspots
Toronto's city council, led by Mayor Olivia Chow, plans to replace parking lots, including Green P lots, with affordable housing. Mayor Chow views a Kensington Market site as a priority. The debate is whether to prioritize housing over parking. Some councillors are concerned about losing valuable parking spaces, while Mayor Chow believes housing can be…
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This is how much you need to earn to afford a house in Toronto right now
Toronto's housing market remains a concern for prospective homeowners, with an average home price of $1,093,900 requiring an annual income of $214,100. Affordability has decreased in most Canadian cities, with Toronto and Hamilton seeing significant increases. Some cities, like St. John's and Victoria, saw a decrease in required income. 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. | Canada to Allow 30-Year Mortgages for First-Time Homebuyers
Monthly payments become more manageable for young Canadians aiming for homeownership. Some advocate for broader eligibility, expressing concerns about effectiveness in high-priced markets.The industry expects a significant impact, potentially spurring more construction and aiding rental market relief.
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