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Could Plunging Oil Prices Affect the Toronto Loft Market?

Could Plunging Oil Prices Affect the Toronto Loft Market?

February 10, 2015

While Canadian homeowners welcomed news of mortgage rate cuts, the plunging oil prices that helped to drive the Bank of Canada’s cut in prime lending rates by 0.25% is unsettling news for the larger Canadian economy. From a Toronto real estate perspective, particularly for those of us interested in buying and selling Toronto lofts, the question is whether or not a drop in oil prices will ...

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Affordable Toronto Lofts Under $500 / Sq. Ft.

Affordable Toronto Lofts Under $500 / Sq. Ft.

January 20, 2015

*This beautiful representation of The Wrigley Lofts is currently for sale see the listing on our homepage here. The Toronto loft market has been incredibly hot for many years now, driving prices beyond the reach of some buyers. Lo...

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Selling Toronto Lofts: Why Photography Matters

Selling Toronto Lofts: Why Photography Matters

January 13, 2015

We’ve all seen horrible shots of Toronto lofts on MLS listings. Blurry images and bad angles. Terrible lighting that makes the client’s loft look dingy and fisheye lens contortions that make the property look like a funhouse. And how many times have you seen photos loaded in upside down? When everyone has a smart phone, it’s amazing what passes for acceptable realty ph...

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Pricing Toronto Lofts for Sale

Pricing Toronto Lofts for Sale

January 6, 2015

Selling a loft quickly, for market value or higher, requires a solid pricing strategy. Pricing is perhaps the most important part of the market mix. Yet pricing Toronto lofts goes wrong all too often. Scroll through MLS listings for

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5 Resolutions for Buying a Toronto Loft in 2015

5 Resolutions for Buying a Toronto Loft in 2015

December 30, 2014

The Tip Top lofts...

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HOW TO WIN BIDDING WARS AND STILL RESPECT YOURSELF IN THE MORNING.

HOW TO WIN BIDDING WARS AND STILL RESPECT YOURSELF IN THE MORNING.

October 9, 2014

There are many articles written on this topic, most more in-depth than mine. I tend to not state the obvious like "get pre-approved" or "research the Neighbourhood". Instead, what I propose are ideas that will help you succeed once you've attended to the basics. Here are some tidbits from Carl LOFTschimidt. Rule #1. Don’t bid unless you can win.

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The Power of Staging a Condo For Sale in Toronto

The Power of Staging a Condo For Sale in Toronto

June 5, 2014

The Power of Staging a Condo For Sale in Toronto If you’ve ever listed a condo for sale in Toronto while you were still living in it, you know how difficult it can be to keep it clean. As potential buyers come in for viewing after viewing, it becom...

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HOW MUCH IS TOO MUCH FOR A PRE-CONSTRUCTION CONDO?

HOW MUCH IS TOO MUCH FOR A PRE-CONSTRUCTION CONDO?

April 26, 2014

Just wrote a Blog post for Condos.ca; check it out http://condos.ca/blog/how-much-is-too-much-for-a-pre-construction-condo/

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DISCOUNT BROKERS - CAN THEY REALLY SELL YOUR PROPERTY FOR $199??

DISCOUNT BROKERS - CAN THEY REALLY SELL YOUR PROPERTY FOR $199??

March 28, 2014

So how does a real estate company actually sell your home for less than what MrLOFT.ca pays a professional photographer just to photograph your property? There are a number of small companies offering this "Discount service". The realty is this. Listings generate LEADS.  These "discount brokers" have no interest in your home. They are simply interested in getting buyer leads via the enquir...

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CANDY FACTORY OWNER LEAVES $50K ON THE TABLE - HIRE A PRO INSTEAD OF A SCHMO!

CANDY FACTORY OWNER LEAVES $50K ON THE TABLE - HIRE A PRO INSTEAD OF A SCHMO!

May 3, 2010

True story a unit at the Candy Factory lofts was recently listed well below market v...

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Mortgage Myths

Mortgage Myths

October 3, 2009

Mortgages   When I sit with new clients, and I ask them what their thoughts are for mortgages. More often than not, they say that they plan to get a 5 year fixed rate mortgage. At this point there are three key misconceptions or myths I'd like to dispel, as follows:   MYTH 1: The best mortgage term is a 5 year fixed rate CLOS...

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Presenting Your LOFT for Sale

Presenting Your LOFT for Sale

January 22, 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. "Bob, I think your loft looks like S***", is the quickest way to lose the listing. Typically, most sellers ju...

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SMART BUYER SAVES $70K

SMART BUYER SAVES $70K

January 16, 2009

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 t...

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Quick-fix Soundproofing Solutions

Quick-fix Soundproofing Solutions

January 6, 2009

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 prof...

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The Hazards of Hiring a Cheap Painter

The Hazards of Hiring a Cheap Painter

November 27, 2008

Painting your loft before listing it for sale is usually a great idea. Recently a client of mine hired a cheap painter to paint his loft. He selected the painter based on the lowest quote collected. Unfortunaltly he learned a hard, expensive and time consuming lesson. MrLOFT has been working for years with

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