Mindblown: a blog about philosophy.
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Detached Homes Are Gaining Value in 40% of GTA
Detached home values are rising in 40% of the Greater Toronto Area (GTA) markets. Experienced buyers and investors are driving activity, as first-time buyers face affordability challenges.
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Canada Real Estate Predictions for Next 5 Years
The Canadian housing market is projected to reach US$8.19 trillion in 2024, with residential properties making up US$6.25 trillion. While growth is expected to slow over the next five years due to rising interest rates and government policies, strong economic fundamentals may keep the market resilient. Key trends include a desire for homeownership, shifting preferences…
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GTA’s Profitable Investing Trend: Detached Homes
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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Happy Labour Day
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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Affordable Ontario Cities: Top Picks for 2024
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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Is the Northeastern Ontario Housing Market Slowing?
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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Rent or Own? The Path to Owning Your Home
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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Own your future: Your step-by-step guide to homeownership
Many Canadians find the home buying process stressful and frustrating. To start, save for a down payment and other expenses like taxes and fees. Determine your budget using tools like TD’s Mortgage Affordability Calculator. Get pre-approved for a mortgage to know your options. Find a realtor who understands your needs and market trends. Schedule showings…
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GTA Home Sales up, Prices Dip in Early-Q3
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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GTA sees uptick in homes sales for July
Home sales in the Greater Toronto Area rose in July, with 5,391 transactions, a 3.3% increase from July 2023. New listings surged by 18.5% to 16,296. The average selling price decreased slightly to $1,106,617. The Toronto Regional Real Estate Board noted that recent Bank of Canada rate cuts may positively impact sales, as buyers benefit…
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