Mindblown: a blog about philosophy.
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GTA Mid-Q3 Is a Buyer’s Market: Condo Investors’ Chance? | 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 Toronto condo market in Mid-Q3 2024 saw price adjustments and slower sales, making it a good time to explore options. The GTA witnessed a 5% yearly decrease in benchmark home prices.
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GTA Condo Hunting? These Options Are Under $550K | 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 found 10 Greater Toronto Area communities where condos sold for under $550K this year. East York in Toronto had the lowest median condo price at $485K, despite a $499K listing price.
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GTA Basements Earn Homeowners up to $2,600 | 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 homeowners can earn between $1,800 to $2,600 monthly by renting their basements. Old Toronto leads with potential annual rental income of $31,200, highest in the GTA.
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Q2 2024 Greater Toronto Office Market Analysis | 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.
Availability rate climbed to 20.2%. Sublet space increased by 419,000 ft². Construction ongoing with 3.2 million ft² in progress.Vacancy rates hit 14%, varying by submarket.
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Here’s how much you can make renting your basement in and around Toronto
Renting basement apartments in Toronto can yield significant income, with average monthly rents reaching up to $2,600 in some neighborhoods. Old Toronto tops the list, followed by East York ($2,450), York ($2,350), Etobicoke ($2,300), and Oakville ($2,200). While Oshawa offers lower rents ($1,875), it also has the lowest home prices, making it a better investment…
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Toronto Condo Market Update: Prices Dip Amidst Buyer-Seller Standoff
The Toronto condo market faced challenges in August 2024, with a 5% year-over-year decline in benchmark home prices, averaging $1,097,300. The average sold price dropped 1.1% to $1,106,617, while condo prices fell 2.2% to $719,000. Sales of new and presale condos plummeted by 66%, indicating a buyer's market with a Sales-to-New-Listings Ratio of 33%. Many…
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Can Lower Rates Fix GTA 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.
High interest rates have reduced GTA housing demand by 50%, increasing inventory and moderating pricesMunicipal approvals in the GTA take up to three years, delaying new home supply and increasing costs.
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Investors and Upgraders Drive 40% of GTA | Here’s what we have to offer, the best real estate services in the market.
Investors and upgraders/downgraders drive detached home-buying in 40% of GTA, 80% of Fraser Valley. Toronto's detached home market led sales growth, with 34% of neighbourhoods showing stability or growth.
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Detached Homes Are Gaining Value in 40% of 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.
Detached home values are rising in 40% of the Greater Toronto Area (GTA) markets. Experienced buyers and investors are driving activity, as first-time buyers face affordability challenges.
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Canadian Real Estate Is Stable, Toronto Condos Are An Exception
BMO Capital Markets reports that Canadian real estate sales saw a 4.8% annual growth in July, but remain 5% below 2019 levels. Inventory is rising faster than sales, with new listings up 12.7%, easing market pressure. While the overall market is stable, Toronto condos are experiencing a supply glut, and home prices in Toronto have…
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