Mindblown: a blog about philosophy.
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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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Early-Q3 2024: GTA Home Prices Trends | 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 prices dropped across the board in July 2024. Bidding competition eased in the GTA, with only 14% of homes overbidding in July.
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GTA’s Profitable Investing Trend: Detached Homes | 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 housing markets in the GTA are driven by investors and move-up buyers. Around 20,000 to 25,000 potential buyers are waiting in the GTA.
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Early-Q3 Housing Trends: Mixed Results Across Ontario Regions | 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.
Hastings Region saw ↑ 21% in sales, from 146 to 177 transactions in July 2024. Prince Edward County’s avg price ↑ 10.4% to $838,686, despite a decrease in sales.
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Happy Labour Day | 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 Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…
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Toronto Announces Partners For First Two City-Led Development Sites
Toronto City Council has announced community partners for two of five City-owned sites designated for affordable housing development, aiming to create 65,000 new rent-controlled homes by 2030. The projects at 35 Bellevue Avenue and 11 Brock Avenue will provide 78 and 42 supportive homes, respectively, with completion expected by late 2025. Both developments will feature…
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Mounting condo inventories’ could put downward pressure on Toronto’s real estate market: report
Toronto's housing market remains sluggish due to high borrowing costs, with a report from RBC Economics indicating that more rate cuts are necessary to boost sales. Despite a slight increase in resales in June, July saw a 0.7% decline. Inventory levels are rising, particularly for condos, which have increased by 64% year-over-year. Home prices have…
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Affordable Ontario Cities: Top Picks for 2024 | 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.
Top Ontario Cities Ranking: – Ottawa leads with a home price of $643,700 – Income $126,700 – Unemployment 5.3% – Crime index 52.91 Affordability and Growth: – Simcoe offers homes at $563,500 – Income $110,900 – 5.4% unemployment – 90 walkability score – Moderate crime.
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Mid-Q3 Brings 2 CRA Payments for Ontarians | 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 residents will receive two CRA benefits payments in August 2024 on the 9th and 20th. The Canada Child Benefit (CCB) payment on August 20th supports families with children under 18.
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Rent or Own? The Path to Owning Your Home | 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.
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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