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Sadly developers are converting fewer Loft buildings today than ever before. Many developers have learned it is much more profitable and easier to build new as opposed to converting an older building. While your heart may be set on a loft you might want to be open minded and consider these Condos that still have a cool factor.  

A couple of months ago I had a conversation with a prospective client who had decided to scrap his condo/loft search as he had recently learned about Nostradamus and his predictions regarding the world coming to an end very soon. He felt it made sense, what with mounting tensions in Korea, Iraq and Iran and the supposed likelihood of a nuclear war being on the cards. Hehe. He felt this catastrophic turn of events would end society as we know it in 2012. For me, this excuse was a first, and even my sizeable textbook of 'smart-ass' answers did not have a response.

 April 2010 – Toronto Loft Market Summary

The Toronto Loft market continues to enjoy impressive growth as we move towards the close of the first quarter of 2010. A shortage of available inventory has been the dominating condition of the past few months, with many units experiencing multiple offers and short selling periods. This strong market has been fuelled by the continuing availability of finance rates at 10-year lows as well as the returning confidence in the economy.

TRUE STORY - In the summer of 2009, I contacted a private seller at the Candy Factory who posted her LOFT on a couple well known for-sale-by-owner websites. Her price was extremely attractive at $449,000  (I assume willynilly appraisal services assisted her in setting the price). After contacting the seller it was clear she wanted nothing to do with a Realtor--this seller was a lawyer who thought she knew it all. I will note she did offer an insulting commission should I bring her a buyer.