Mindblown: a blog about philosophy.
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GTHA New Condo Sales Down 81% Yearly | 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.
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.
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The Toronto Real Estate Bubble Is So Big It Breaks The UBS Index
Toronto's real estate ranks 5th in the UBS 2024 Global Bubble Index, showing an "elevated" risk for a housing price bubble. Despite improvements in some areas, the risk remains high due to a disconnect between home prices and income. While national mortgage risk is low, Toronto sees rising delinquencies, especially among overleveraged investors. The construction…
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GTA Housing Supply Is at Risk | 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.
The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA.
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Check out my listing Address: 2565 Erin Centre Unit #1007, Mississauga (Central Erin Mills), Ontario L5M6Z8
Welcome To Newly Renovated 1-bedroom condo in the heart of Central Mississauga, Enjoy an amazing view towards Erin Mills Town Center Mall, This spacious Unit comes with 1 underground parking, 1 storage locker, low maintenance fees covers all utilities. Minute to Streetsville GO Station, Hwy 403,Credit Valley Hospital, QEW, High-Ranked Schools. Steps away from public…
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This a bright red warning light’: Toronto’s housing crisis to get worse as development applications drop off
Toronto's housing crisis is worsening due to a significant decline in development applications, according to a study by Altus Group for BILD. New home construction is lagging behind population growth, with applications dropping from 2,482 in 2021 to 1,225 in 2023. The gap between housing stock and population growth is the widest in over 50…
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Happy Halloween | Here’s what we have to offer, the best real estate services in the market.
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known…
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Will Ottawa’s New Mortgage Rules Help You Buy in GTA? | 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.
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.
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GTA’s Home Sales Rise in Late-Q3: Is Recovery Close? | 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.
GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.
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Why Won’t Lower Rates Fix GTA’s Housing Crisis? | 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.
First-half 2024 saw low sales due to high interest rates and construction costs, with no expected rebound. Record-low sales will lead to fewer housing starts, worsening future housing supply in the region.
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GTA Housing Market: Growing Demand-Supply Gap | 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 growing gap exists between home demand and housing starts in the Greater Toronto Area. Housing start applications decreased from 2,428 in 2021 to 1,225 in 2024, worsening affordability.
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