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 stays hot

By Tony Wong – Toronto Star

The Toronto real estate market is on the way to a recovery, although an undersupply of homes is leading to bidding wars, says a report by Royal LePage released today.

The activity in the existing homes market is spilling over into the new homes sector, where housing starts surged in September by a seasonally adjusted and annualized 25% from a month earlier, according to figures also released today by the Canada Mortgage and Housing Corporation.

“The sharp recovery in real estate demand is beginning to work its way into the residential construction sector in Toronto,” said Shaun Hildebrand, CMHC senior market analyst.

Both single-detached homes and multiple-family homes, which includes condominiums, showed an improvement. A home is considered “started” once the concrete foundations are poured. Starts for single detached homes, considered a key segment rose to their highest level of the year.

“Residential construction will be firing on all cylinders as we head into 2010,” said the CMHC.

The Toronto uptick broke the national trend, which saw starts down by more than four per cent across the country.

In a separate report by Royal Lepage, Toronto home prices for detached homes and bungalows are up slightly from a year ago, but condominium prices are down.

The price of an average existing bungalow increased barely, to 0.8% or $436,857 compared to the same quarter last year.

A standard two-storey home is up in value to $561,725. However, average prices for a condominium dipped by 3% to $300,526 according to the real estate company.

“The economic recession interrupted the flow of the real estate cycle, but it is essentially back on track,” said Phil Soper, president and CEO of Royal LePage. “There is an illusion of a boom in the market, but in fact what we are experiencing is the end of a normal, short term correction.”

————————————————————————————————————

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

————————————————————————————————————