Carl

Buying A Toronto Loft With Less Down

Many first-time buyers struggle to come up with a 20% down payment to buy a Toronto loft. Even for the most diligent of savers, it's getting tougher for buyers to get a foot on the property ladder with soaring Toronto real estate prices without inheritance, a living inheritance from the bank of mom and dad or a personal loan. To make matters worse, the issue just compounds with time as most people can't out-earn or out-save the average annual rate of price increase on Toronto lofts...
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Carl

New Protections Imminent For Buyers Of Historic Toronto Lofts

After years of planning and public/industry consultation, the Province recently released highlights from the proposed new Ontario Condo Act. The new legislation aims to better safeguard owners of Toronto lofts and condos against developer failings and to improve how condo corporations are run, ensuring that buildings are governed professionally and ethically. The Act is not yet passed (and therefore not yet law) but has already been brought forward to the Legislative Assembly and is...
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Carl

Zoocasa Closure Proves It's Not Profitable To Break Promises

You’ve likely heard the news that as of June 22, 2015, Rogers is getting out of the online brokerage business. They’re shutting down Zoocasa.com after an alleged loss of almost $25M over the last two years. Given the record-breaking sales in Zoocasa’s top two markets - Toronto and Vancouver - how does a brokerage lose so much money and fail so quickly with the behemoth Rogers’ engine fueling it? Simple. They didn’t deliver on their promises. My colleague wrote a piece on our sister...
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Carl

Five Reasons Why We Love Toronto’s Merchandise Lofts

1. The Merchandise Lofts Are Some of the Most Character-Filled Toronto Lofts Available Toronto is one of the best cities in the world for historic loft conversions and the Merchandise Lofts are near the top of the heap in terms of character features and wow factor. Home of the former Simpson’...
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Carl

Church Conversions Revive the Toronto Loft Scene

Church Conversions Revive the Toronto Loft Scene
  As hard loft enthusiasts, we wish Toronto loft conversions represented a higher proportion of the overall property mix in the city. If they could sprout up at even ten percent of the pace of new build Toronto condos, we’d be golden. But the hard facts are that developers make higher profits...
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Carl

The Worst Real Estate Advice

Our partners at our new brokerage, Property.ca, recently published a blog article on some of the worst real estate advice we’ve heard. It was geared towards the Toronto housing market but there are a lot of points here that are pertinent to buyers and sellers of Toronto lofts as well. We’ve...
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Carl

Price Gap Between Toronto Lofts and Houses Grows

  It’s the great real estate divide. The price gap between Toronto condos–and this includes Toronto lofts–and houses hit a new record high last year, creating greater disparity in the Toronto real estate market than we’ve ever seen. This extreme division between the cost of a Toronto loft...
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Carl

Check Your Toronto Loft for Kitec Plumbing

  Last week we posted on our condos.ca blog about the dangers of Kitec Plumbing. It’s something that owners of Toronto lofts need to be aware of as well. If your Toronto loft was built, converted or renovated between 1995 and 2007, chances are Kitec Plumbing was used and that may be a problem...
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Carl

Toronto Loft Owners, First CO Alarm Deadline is Here

We cover many topics affecting Toronto loft owners on this blog but this may be one of the most important articles we’ve ever written. Each year, carbon monoxide poisoning claims more than 50 lives in Canada and injures hundreds more. Yet it’s not only preventable, it’s relatively affordable...
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Carl

Best Toronto Lofts in the Junction Triangle

As its name suggests, the Junction Triangle is a triangular-shaped neighbourhood. It’s enclosed by three sets of railway tracks, running between Dundas and Lansdowne from College north to Dupont. Recent years have seen the development of many industrial lofts and urban townhomes in this...
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