Mindblown: a blog about philosophy.
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Toronto Office Space Vacancy Hits A New Record High
Toronto's office space available for lease surged in Q2 2024, with a fifth of the market now up for lease. Vacant space increased to 14%, while sublet space accounts for 4.2%. Despite high vacancies, prices hit record highs. Demand is stronger in the north and west of the city. Average net asking prices per sqft…
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Toronto region condo rents dip for first time in three years
Condo rents in the Greater Toronto and Hamilton area have decreased for the first time in three years, with a 1.2% drop in average rents for new leases in the second quarter compared to last year. The average rent is now $3.97 per square foot, equating to $2,723 for a 686-square-foot apartment. This decline is…
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Best 2024 Ontario Rental Spots for Quality of Life | 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 renters' hotspots in Ontario are Greater Sudbury, Whitby, North Bay, Guelph, Ottawa, Niagara Falls, Kitchener, Welland, St. Catharines, and Chatham-Kent.Whitby leads with: – Quality-of-life score: 23.35 – Life satisfaction: 95.5% – Perceived life stress: 17.4% – Crime severity index: 44.1
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Tick Tock: Condo and Detached Prices Climbing Fast 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.
Southern Ontario's real estate market is experiencing skyrocketing inventories and stagnant property sales. Detached home prices in the Greater Toronto Area (GTA) increased by over 5% since January 2024.
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GTA Home Sales up, Prices Dip in Early-Q3 | 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 Housing in Early-Q3: – Sales: increased by 3.3% yearly – New listings: increased by 18.5% – Active listings: rose by 55.4% – Avg price: drop 1% to $1,106,617 York Region had the highest average home price in the GTA at $1,305,476.
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Toronto housing market faces uncertainty amid rising mortgage rates and high inventory
Landlords found to have abused the own-use measure should be banned from property ownership for rental purposes, as they cannot be trusted. In cases of fraudulent renovictions, landlords should forfeit their properties to the province at fair market value, which could then be used for affordable housing. The province should conduct routine inspections of units…
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Toronto to expand funding incentives for property retrofits
Toronto plans to introduce a building emissions performance standards bylaw, aiming for net zero emissions by 2040. Existing buildings must cut emissions by nearly half by 2030. Financial incentives will be provided for retrofits, including expanding support programs and bulk purchasing of solar panels and heat pumps. Real estate developers like Oxford Properties Group are…
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Ontario: Buyer’s Market Emerges as Inventory Levels Rise | 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's growing Real Estate inventory is giving homebuyers more power in negotiations.
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Is the Northeastern Ontario Housing Market Slowing? | 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.
Home sales softened in most northeastern Ontario cities in Late-Q2.Sudbury and Sault Ste. Marie saw record-high average sale prices in Late-Q2.
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Toronto office vacancy rates rise in Q2
Avison Young's report shows Toronto's office market had varying vacancy trends in Q2. Overall availability rate increased to 20.2%, with office vacancy rate at 14%. Vacancy decreased in Midtown, Toronto East, and Toronto North, but rose in Downtown and Toronto West. Class A and trophy buildings saw gains, offsetting losses in class B and C…
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