MrLOFT's blog

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.

Available from $20 per Sqft - Call Century 21 Today!

60% SOLD Apparently Sarah Palin has already shotgun the Penthouse.

Confidence is returning to the market place, with low interest rates and the good news of Canada's banking system ranked the healthiest in the world it's no longer all doom and gloom like many thought back in late 2008.

From Newsweek magazine

Worthwhile Canadian Initiative
Canadian banks are typically leveraged at 18 to 1 -- compared with U.S.
banks at 26 to 1.

NEWSWEEK ISSUE
Feb 16, 2009

Whenever a client is considering selling their loft, part of my job is to explain the three key aspects of the sale: Price, Presentation and Promotion.

Presentation can be a sensitive topic to discuss with sellers.

Over a year ago I met Jeff, a Forex trader at TD who wanted to buy a loft. At the time, Jeff decided to put his purchasing decision on hold as he felt the market was too hot and a correction was overdue.  Then, like a hawk, Jeff swooped back in later in November of 2008, to resume his search.  

For the savvy buyer, November and December are generally great times to buy as the focus for many people, is family and the upcoming Christmas holiday.  

It's official.  This is a buyer's market! There is little doubt that October 2008 was the tipping point in Toronto’s real estate market. However, unlike the United States, we’re experiencing more of a correction than a crash. The extent of this correction is still to be determined as prices stabilize. In the Toronto loft market there is certainly not enough data on recent sales to quantify exactly where things stand.

No loft or condo building is 100% sound proof. Noise is part of downtown living, and a part of living in a multi-unit building.  However over the years I have come to realize that there are developers who feel the need to use sub-standard installation just to save a buck. Add this to a noisy neighbour and you have an irritating problem. Fortunately for condo and loft owners, there are professionals out there like Sean Louth from Acoustiguard.