Mindblown: a blog about philosophy.
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Planning to Buy a Home This Fall? Expert Tips Inside!
House prices may be higher in fall due to elevated summer closing values. Less competition in fall can be advantageous, but serious buyers are still active.
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Toronto Announces Partners For First Two City-Led Development Sites
Toronto City Council has announced community partners for two of five City-owned sites designated for affordable housing development, aiming to create 65,000 new rent-controlled homes by 2030. The projects at 35 Bellevue Avenue and 11 Brock Avenue will provide 78 and 42 supportive homes, respectively, with completion expected by late 2025. Both developments will feature…
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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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Mid-Q3 Brings 2 CRA Payments for Ontarians
Ontario residents will receive two CRA benefits payments in August 2024 on the 9th and 20th. The Canada Child Benefit (CCB) payment on August 20th supports families with children under 18.
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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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Cold housing market meant fewer sales last month in Oakville, Burlington, Milton
In July, home sales in Burlington, Milton, Oakville, and Halton Hills dropped significantly, with an overall decrease of 17.6% month-over-month. Despite fewer sales and new listings, average prices remained stable, with a slight decrease of 0.5% to $1,246,352. Oakville saw a minor price dip of 0.3%, while Burlington's average price fell by 3.3%. Halton Hills…
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Tick Tock: Condo and Detached Prices Climbing Fast in GTA
Southern Ontario's real estate market is experiencing skyrocketing inventories and stagnant property sales. Detached home prices in the Greater Toronto Area (GTA) increased by over 5% since January 2024.
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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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Condo Fees: The Wild Ride of GTA Living
Condos in cities like Toronto are popular for their convenience and affordability compared to houses. Median house prices in Toronto are ~$1.3M, while condos average ~$672K, offering a cheaper entry point.
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