Mindblown: a blog about philosophy.
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Toronto’s vacant home tax to continue with major revisions
Toronto's vacant home tax will continue despite opposition from five councillors, but changes are planned for the 2024 taxation year. Mayor Olivia Chow acknowledged the program's flaws and promised improvements. Late fees will be waived for those who missed the occupancy declaration deadline, and refunds will be issued. The overhaul aims to make the reporting…
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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. | Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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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. | $357M Housing Funds at Risk for Ontario
The federal government claims Ontario isn't meeting affordable housing targets under the NHS agreement. Ontario committed to building 19,660 new affordable units.
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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 Market Update
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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. | Overbidding Returns in Mid-Q1 Ontario Real Estate Market
76 GTA neighborhoods were in overbidding territory in Mid-Q1. Despite winter typically slowing the market, bidding wars persisted, particularly for homes under $1M.
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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. | What’s Hot in Commercial Real Estate
AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.
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Toronto is seeing a huge uptick in ultra-rich people buying luxury homes
Many people in Toronto struggle with high living costs, but luxury property sales are thriving. Despite challenges like high taxes, sales of expensive homes are increasing in major Canadian cities. Interest in luxury properties is shifting to cities with lower prices and taxes. 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’s Condo Market: The Challenge of Rising Occup
Lengthy Occupancy: – Buyers in the GTA are experiencing longer occupancy periods, leading to financial strain. Costly Interim: – Occupancy period burdens buyers with rising costs and no rental income.
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Toronto Homeowners Face Unexpected Vacant Home Taxes
Many Toronto homeowners are facing unexpected vacant home taxes due to a declaration deadline that was not clearly communicated by the City. Owners must confirm occupancy of their property to avoid a municipal tax. Social media is filled with complaints from affected individuals. Continue to full article
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Toronto council greenlights review that could see parking lots turned into housing
Toronto city council approved a review to explore converting city-owned parking lots and properties into housing or community projects. Staff will assess 130 parking lots for potential housing development, with a focus on affordability. The move aims to address the housing crisis in Toronto. Continue to full article
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