Mindblown: a blog about philosophy.
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Ontario Region Plans To Build 10K Half-Priced Homes By 2030
Introduction Ontario is taking decisive action to tackle the critical issue of housing affordability. With a growing population and soaring real estate prices, the government has introduced the More Homes Built Faster Act on October 25, 2022. This legislation aims to boost housing supply and reduce costs. In this article, we delve into the act’s…
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Against Low Supply, Greater Vancouver Home Prices Continue Increasing
The Greater Vancouver real estate market is a subject of interest and speculation for many. The latest statistics published by the Real Estate Board of Greater Vancouver (REBGV) shed light on the market’s performance in July. While the numbers may indicate a decline in some areas, a closer look reveals positive year-over-year growth and a…
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2023 Update: Lowest GTA Condo Sales Since 2013
The Greater Toronto Area (GTA) has seen a lackluster beginning to the year in terms of new condo sales, according to a report by Urbanation, a Toronto-based research and consulting firm. The report highlights a significant decrease of 59% in new condo unit sales in the first half of 2023 compared to the same period…
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GTA Real Estate Market Starting To Balance Out
The real estate market in the Greater Toronto Area (GTA) is showing signs of balance, with a slowdown in sales and an increase in new listings. According to data from the Toronto Regional Real Estate Board (TRREB), while home sales in July saw growth compared to the same period last year, the rate of increase…
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A Thriving Market: The Resilience of Canada’s Luxury Condo Market
Canada’s luxury real estate market is defying expectations as rising interest rates and economic uncertainties fail to dampen the demand for high-end properties. While the overall housing market in Canada may experience a decline, the luxury condo market remains robust and continues to thrive. In this article, we will explore the current state of the…
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Bank of Canada hikes benchmark rate to 5%
On July 12, 2023, the Bank of Canada (BOC) raised its key benchmark interest rate to 5%, marking the second consecutive hike after a brief pause in March and April. The move was widely expected, and the BOC’s Governing Council stated that stronger-than-expected consumption and stubbornly tight labor markets drove inflationary pressures to remain persistent…
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Understanding Real Estate Appreciation and its Benefits
Real estate appreciation is a common phenomenon where the value of a property increases over time. For example, purchasing a Toronto condominium for $500,000 today and seeing its value rise to $700,000 in five years, without significant property improvement, is an example of beneficial appreciation. Investment Strategies in the GTA Condo Market In the current…
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Budgeting for a Home: Essential Tips for First-time Homebuyers
Budgeting for a home is a task that can seem formidable, especially for first-time homebuyers. It’s crucial to aim for a house that fits comfortably within your budget. But, how do you figure out what you can afford? Here’s your comprehensive guide to budgeting for a home in today’s real estate market, where the median…
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Townhouses vs Condos: What’s the Key Difference?
When it comes to townhouses vs condos, understanding the difference can be tricky. Terms like ‘condo townhome’ often add to this confusion. Knowing the distinctions is vital when considering townhouses vs condos. Understanding Townhouses In the debate of townhouses vs condos, it’s important to define each term. A townhouse is a narrow, multi-story building. It’s…
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The Advantages of Investing in Pre-Construction Homes
Are you looking for an investment opportunity that offers a great return on investment? Pre-construction homes may be the perfect choice for you. Investing in pre-construction homes can be a great way to get into the real estate market and make a profit. But before you take the plunge, it’s important to understand the advantages…
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