Mindblown: a blog about philosophy.
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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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GTA’s Biggest Spenders and Savers in Condo Fees
Older luxury buildings in downtown Toronto have the highest condo fees, ranging from $1,075 to $2,268. These high-fee buildings often include amenities like pools, saunas, gyms, and sometimes car washes and squash courts.
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Orangeville Market Update
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Niagara Market Update
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Oakville Market Update
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Greater Toronto Market Update
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Understanding the Factors Behind the Drop in GTA Home Sales
GTA home sales fell by 16.4% in June 2024, with 6,213 homes sold compared to June 2023.New listings increased by 12.3% year-over-year, reaching a total of 17,964.
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Where to Find the Lowest Property Taxes in the GTA in 2024
Mississauga had the highest property tax rate increase at 7.39%, followed by Toronto at 7.36% and Scugog at 6.78%. Despite rate increases, Mississauga’s taxes ($9,466) are lower than Pickering ($12,239) and Whitby ($12,629) with similar home prices.
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Ontario 2027: Forecasting High-Rise Supply
ON is focusing on building more high-rise units than low-rise. Condo builds take 4-5 yr, current sales affect 2027-2028 supply.
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Toronto Home Sales See First Gain Since January
Toronto home sales increased by 4.2% in June, the first rise in five months, following the Bank of Canada's interest rate cut. Despite a 9.3% increase in listings, benchmark prices rose by 0.4% to C$1.09 million. The market remained subdued compared to previous years, with sales down 16.4% from June 2023. The shifting supply-demand balance…
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