Mindblown: a blog about philosophy.
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GTA Homes Lost $17K—in One Month!
June 2025 saw Toronto home prices fall below $1M for first time since 2020. Benchmark price dropped 1.8% in June alone, totaling a $58.4k annual decline.
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Happy Long Weekend!
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GTA home sales down year-over-year in June, listings up: real estate board
Greater Toronto Area home sales fell 2.4% year-over-year in June to 6,243, while new listings rose 7.7% to 19,839. Average prices dropped 5.4% to $1.1 million. Active listings increased 30.8% to 31,603. Sales rose 8.1% from May, showing market recovery amid lower borrowing costs. Sales declined across all property types, with townhouses down 4%, detached…
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Short-Term and Long-Term CMHC Housing Predictions – GTA
Toronto's condo market has seen a 75% drop in sales and a 13.4% price decline since early 2022, driven by record-high inventory from new completions. Investors face negative cash flow due to rising costs and stagnant rents, deterring buyers. Developers are halting projects, leading to fewer future condos and more rentals. Despite short-term challenges, a…
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GTA Home Prices Drop 3% in Q2: Sales Gain?
Home prices in GTA fell 3.0% year-over-year in Q2. Spring market started slowly, cautious buyers held off.
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How much value does parking add to a GTA condo?
In the Greater Toronto Area, buying a one-bedroom condo with parking can cost over $200,000 more in neighborhoods like Riverdale, Deer Park, and The Annex due to scarce street parking. In contrast, areas like Bloor West Village see minimal parking premiums. While some buyers skip parking to save money in transit-friendly areas, having a parking…
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Is Mississauga’s Market Cooling Off?
The average home price in Mississauga in June 2025 was $1.02 million, down 2.1% from May and 7.6% year-over-year. Detached houses fell to $1.44 million, down 1.9% monthly and 7% annually. Semi-detached houses rose slightly month-over-month but declined nearly 5% annually. Townhouse-style condos saw a modest monthly gain but were down 4.7% compared to June…
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Peel Region Home Prices Hit $1M
The average home price in Peel Region was $1.02 million in June 2025, down annually. Detached house prices fell 6% year-over-year, while semi-detached and attached houses saw small monthly gains. Apartment-style condos declined 8.5% year-over-year, while townhouse-style condos rose 2.7% month-over-month. Active listings surged 45.6% from June 2024, while sales volume decreased by 3.7%. Since…
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Mississauga Growth & Housing Outlook
Population Forecast: Mississauga is projected to reach 995,000 residents by 2051. Household Growth: 343,500 total households forecasted, shaping long-term infrastructure and service plans.
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How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
Got any book recommendations?