Toronto Loft Conversions

Toronto Loft Conversions

I know classic brick and beam lofts! From warehouses to factories to churches, Laurin will help you find your perfect new loft.

Modern Toronto Lofts

Modern Toronto Lofts

Not just converted lofts, I can help you find the latest cool and modern space. There are tons of new urban spaces across the city.

Unique Toronto Homes

Unique Toronto Homes

More than just lofts, I can also help you find that perfect house. From the latest architectural marvel to a piece of our Victorian past, the best and most creative spaces abound.

Condos in Toronto

Condos in Toronto

I started off selling mainly condos, helping first time buyers get a foothold in the Toronto real estate market. Now working with investors and helping empty nesters find that perfect luxury suite.

Toronto Real Estate

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.


Riding in cruise control on the way to the top

Stephen Dupuis – Toronto Sun

If we were living south of the border, the headline would read “Race to the top,” but unlike our American neighbours, we operate on the principle that slow and steady wins the race.

At least that’s the theory behind our swift economic recovery as hypothesized by Jonathan D. Miller — author of Emerging Trends in Real Estate 2011 and guest speaker at a seminar put on by the Urban Land Institute on Tuesday morning.

Joining him on the panel were John O’Bryan, vice-chairman of CB Richard Ellis Ltd., and RealNet Canada Inc. president George Carras.

‘Safe’ and ‘boring’

As Miller explained, while Canada’s “safe” real estate market might be described as “boring” when compared to the fast-paced and often erratic market in the United States, our cautious approach to doing business has resulted in less distress, a relatively short-lived recession and strong capital markets.

In fact, Miller went as far as to call Toronto one of the most important North American gateways, describing it as a world-class city with great potential for investments. It was identified as the top market in Canada with Vancouver being the only competitive rival.

As Carras pointed out, since the turn of the millennium, the GTA has the second-highest number of housing starts in North America behind only Houston, Texas. That’s 424,204 new homes by 289 builders covering 722 million square feet worth about $140-billion! If these numbers were calculated solely on high-rise condominiums, we would sit on top of the list.

Stable Market

O’Bryan echoed Miller’s belief, adding that a considerable portion of our market’s success is owed to a large volume of private investors and new immigrants who are responsible for the ongoing success of the high-rise sector.

Investors scoop up new condo units due to their affordability and high demand, which comes from an estimated 80,000 new immigrants (approximately the population of Fredericton, N.B. ) that settle within the GTA each year.

“That’s why multi-residential housing is so stable,” O’Bryan explained, adding that it’s “working the way it should.”

He forecasted the Canadian Investment Volume for 2010 at approximately $18-20 billion, which is a good number that reminds us of 2005-2006 – a stable, peaceful time for the market.

Growing up, not out

While some people frown at the sight of construction cranes throughout Toronto, Carras points out that the City needs to increase that number to accommodate the wave of immigrants mostly settling in and around the downtown area rather than venturing out into the 905 Regions surrounding the City.

“The GTA is growing up, not out,” he explains, citing a need for anywhere between 900,000 and a million new units by 2030.

As I have written previously, the City of Toronto is quickly becoming a condo mecca, and with the Greater Golden Horseshoe Plan pointing towards increasing intensification, I think we will soon cruise our way to being one of the most exciting cities in the world.


Contact the Jeffrey Team for more information  –  416-388-1960


One Response to Riding in cruise control on the way to the top

  1. Felipe Mitchum says:

    I just love real estate photography. Love pretty much everything about photography. I love to talk about it. I love to dream about it. I see the beautful inspiring ocean shots online and wish I can be the one taking it. yeah, that’s my ultimate fantasy. GreenwichGal

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