Mindblown: a blog about philosophy.
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GTA Real Estate Set for Competitive Market in 2025
Greater Toronto Area prices expected to ↑ 5% by Q4 2025 compared to the previous year. Real Estate demand is forecast to grow, with faster home sales and decreased market time in 2025.
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GTA Home Prices End Year Down Less Than 1%
Toronto real estate faced its slowest year in decades, with condo sales dropping to a 27-year low. A surge of 166,121 new listings in 2024 created abundant inventory, 16.4% higher than 2023.
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Ontario’s Improved Credit Rating Boosts GTA Growth
Ontario's improved credit rating allows for lower borrowing costs, benefiting GTA residents and families. GTA families will receive $1K in rebates to help combat high interest rates and taxes.
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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GTA Housing Market Slows Amid High Rates
Greater Toronto home sales ↓ 1.8% in December, totalling 3,359 transactions. The avg selling price ↓ 1.6% yearly to $1,067,186 in December.
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Lowered Projections Signal Ontario Housing Struggles
Ontario lowers new housing projections for coming years, missing its 1.5M home target. 2024’s target of 125K homes has been reduced to 81,300 due to economic factors.
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Ontario’s 2031 Housing Question: A Missed Target?
Ontario’s housing goal faces challenges: The province is unlikely to meet its target of 1.5M homes by 2031. Major barriers to construction: Rising costs, high interest rates, taxes, and bureaucratic delays are stalling housing development
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Is Now the Best Time to Hire a Real Estate Broker in Mississauga?
The Mississauga real estate market is undergoing significant changes, with rising home prices and a cooling trend due to increasing interest rates. Buyers and sellers face new challenges, making the expertise of a real estate broker essential. Brokers offer insights into market trends, negotiation strategies, and access to exclusive listings. Mississauga's economic growth, population increase,…
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Retire in Style: Top Ontario Destinations
Niagara-on-the-Lake: Known for wineries, historical sites, and proximity to Niagara Falls, it’s a picturesque retirement haven. Collingwood: From Blue Mountain trails to serene beaches, retirees enjoy vibrant activities and strong community ties.Innisfil: Low crime rates, Lake Simcoe views, and wellness programs make it a popular retirement choice.
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Home prices fall with sales down 35% in Mississauga
Home prices and sales in Mississauga have declined significantly, with a 35.3% drop in sales from November to December. The average price for all housing types fell 1.7% to $977,833. Detached home prices decreased by 2% to $1,397,177, while semi-detached homes saw a 4.3% increase. New listings dropped by 60.3%, leading to longer market times.…
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