Mindblown: a blog about philosophy.
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RESCON: Lack of affordable homes is only part of the problem
In the Greater Toronto and Hamilton Area, six-figure earners like nurses and teachers struggle to afford homes, causing a $7.5-billion annual GDP loss. High construction costs and taxes drive rents beyond affordability, leading to population decline and job losses in construction. Housing supply falls short of targets, pushing prices higher. Solutions include lowering taxes on…
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Happy Canadian Thanksgiving
The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!
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How Do Rebates Fuel GTA Renovation Growth?
GTA residents face high housing costs and limited available space in 2025. Homeowners increasingly expand existing homes instead of relocating to new properties. Energy-efficient renovation incentives help offset costs for structural home additions. Popular GTA additions include kitchens, second stories, and in-law suites. Financing options from CMHC and federal loans encourage more home expansion projects.
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How to Get the Best Interest Rate on Your Mortgage
To secure the best mortgage interest rate, understand the impact of factors like credit score, income type, and debt ratios. Insured mortgages typically offer lower rates, while uninsured ones are slightly higher. A credit score above 680 is preferred by prime lenders, while B lenders accept lower scores but at higher rates. GDS and TDS…
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GTA Late-Summer: Listings up, Prices Pressure Down
Slide 1: GTA home sales rose 2.3% YoY in August, signaling active market opportunities. Slide 2 – New listings increased nearly 10%, easing pricing pressure and giving buyers more options. Slide 3 – Negotiation Power Higher inventory and slight price adjustments let buyers negotiate better deals. Slide 4 – Moderated interest rates encourage buyers to…
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Industry Updates: August Sales Rise, New Home Market Warnings, and Leadership Moves
GTA home sales rose 2.3% in August with increased listings, while new home sales hit a record low in July, especially for condos. A report warns of a 235,000-unit rental shortfall by 2035 due to slowed construction. Leadership changes occurred in development firms. Infrastructure projects like Ontario Line tunneling and a new medical school in…
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GTA Multifamily Market Poised for Continued Strength Through 2025
Slide 1: GTA multifamily deals hit $2.4B in 2024; 2025 may match or surpass it. Slide 2: CBRE sold 13 buildings totaling 1,500 units for $370M, with $500M more pending. Slide 3: Q2 2025 saw $490M in sales, including a $132M Brampton 416-unit portfolio deal. Slide 4: Rents dipped due to new condos, but cap…
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Peel Region home prices drop 1.3 per cent to $960,351 in August 2025
The average home price in Peel Region was $960,351 in August 2025, down 1.3% from July and 6.7% from last year. Detached houses averaged $1.2 million, down 6.1% monthly and 9.6% yearly. Semi-detached houses rose 3% monthly but fell 2.5% yearly. Attached houses and townhouse-style condos saw price declines. Apartment condos averaged $538,336. Prices have…
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National Day for Truth and Reconciliation
National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…
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235K Rentals Needed to Meet GTA Housing Demand
Slide 1 Purpose-built rentals are critical, yet GTA is short 114,000 units since 2016. Slide 2 Over the next decade, GTA demand exceeds supply by 121,000 units, deepening the shortage. Slide 3 Total purpose-built rental deficit could reach 235,000 units. Slide 4 Toronto struggles: limited policies make most PBR projects economically unviable, delaying critical new…
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