MrLOFT's blog

Last week a LOFT at the Candy Factory was listed at $499k, hoping for multiple offers. The asking price was very attractive compared to recent sales of similar units. Our last sale at unit #320 sold for $539K - it was 80 sq.ft. smaller, on a lower floor with a less attractive view. Never-the-less, the offer day came and only one offer arrived. Clearly the listing agent's strategy backfired, yet they still sold the property for $499K. A classic case of the blind leading the blind.

 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.

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.