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.

 

Toronto Real Estate Market Breaks 7,000 Sales in July

Reprinted from a press release issued by Toronto Real Estate Board

Toronto’s resale housing market weathered July’s heat, as 7,082 sales were recorded through the Toronto MLS system during the month, TREB President Dorothy Mason announced today.

“Market conditions have been healthy throughout the summer, and activity remains high,” Mrs. Mason said. “The number of transactions recorded this year remains 1% ahead of last year’s record-setting pace.”

The Morningside section of Scarborough was particularly active during the month, with a 24% increase in overall sales activity compared to July 2005. This increase was fueled mostly by double-digit increases in detached home and condo sales.

High Park showed a 30% overall sales increase compared to last July, due to strong semi-detached and townhouse sales.

The Downtown Core/Harbourfront area also put in a strong showing, with total sales up 28% over the same timeframe in 2005. An increase in condominium sales were behind this healthy performance.

Jason Mercer, Senior Market Analyst for the Canada Mortgage and Housing Corporation, noted that the general health of the market is in excellent shape.

“Resale market activity continues to fall in line with forecast home ownership demand,” Mr. Mercer said. “Sales will remain near the record level set in 2005, and growth in average home prices will remain above inflation this year.”

Mrs. Mason noted that controlled price increases continued in July. “The overall average for 2006 stands at $354,863, a 5% increase over 2005,” she said. “With inventory up 11% over last July, some of the upward pressure on prices has eased. It is an excellent time to be in the market and there are plenty of options available across the price spectrum.”

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I just wanted to add, in our opinion, there is no bubble and thus no fear of a crash. Our Toronto condo price forecast is that we should still see steady increases, probably averaging 5-8% per year. “Experts” have predicted a Toronto condo market crash for years now, without it ever happening. People are buying condos, people are renting condos. Look at all the new buildings and cranes across the Toronto skyline – they are there because people are buying condos.

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Contact Laurin Jeffrey for more information – 416-388-1960