Laurin Jeffrey 🇨🇦 Toronto Real Estate

Toronto real estate agent, architecture fan and student of Toronto history. Lots of opinions on real estate and the future of the city.

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

If you haven't yet, GET OUT AND VOTE!

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

FFS... really? How about searching for candidate names & reading up on their platforms? Maybe attend a town hall or debate? Heck, you could phone or email them & ask questions. But no, take the lazy route, ask a frickin' prediction engine who to vote for.
https://t.co/l2lk58nTgS

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

@PeterRB1965 No. Condo fees on small units never, ever, exceed rent.

But yes, the consumer has voted with their wallets, which is why new condos ground to a halt.

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Another month and yet more people buying new houses and not buying new condos. Semis and towns are the big draws. Consumers don't want investor-driven ant farms in the sky...
https://t.co/O3dnzSD5BA

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

BradBrad will tank the city's finances, he will most definitely not help with housing or affordability, no matter what he says. And he should know better, he's a planner. But he flip-flopped into populism in his attempt to climb the municipal ladder.
https://t.co/2Zu82FDpfP

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Noble Court Lofts, authentic Brick And Beam Construction - oversized windows & exposed brick walls, with wood post & beam plank ceilings. Trendy Parkdale location near Queen St West & Dufferin, steps to many cools stores and restaurants.
https://t.co/JI8X2EpB6c

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Even if it gets bid up a bit, that would still be a steal. Nice little house, better than an equivalent condo. Great yard. And what a location, I grew up just around the corner from there.
https://t.co/By9zJLkD9C

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

As demand dropped, it took pressure off, which let prices fall. But, if supply doesn't continue to grow, demand will return, and the same old imbalance will start to put upward pressure on pricing again.
https://t.co/ASqniWW6d5

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

I love it! Looks like a fancy little English cottage. I bet it smells like cookies...
https://t.co/zGrF9XSsY8

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Not sure what favourable market conditions they mean. Mortgage rates are about to go up. The economy is still in flux. Cost of living is high. Tariffs, trade war, etc. But, it would not be hard to see sales up 5% in 2027, as they were pretty low this year.
https://t.co/BNAjkIZgTu

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

So people bought more new towns and semis. Shows they want larger homes, but less expensive. They don't want small condos and probably can't afford detached. So the middle properties are selling best.
https://t.co/O3dnzSCxM2

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Don't forget, any project announced today is 5-10 years from completion. The market today is not as relevant as you'd think, to future projects. Learn, yes, but move forward regardless.
https://t.co/2ZPbK4Gqle

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

They won't start selling like they did in the past, if they ever will again, until they pivot. They need to offer product designed for end-users, for people to live in them, rather than for investors. And they need to be more affordable. Full stop.
https://t.co/dEAQvHMxtE

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

That was actually a rather interesting and thorough discussion of setbacks. Worth a read.
https://t.co/n00UTiOqLQ

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Boo! That cluster of buildings is a great example of mid-century modernist construction. I thought some of them were actually heritage.
https://t.co/jVR8zYfgFs

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

And that will slow real estate even more. Especially as we move into the normally slow winter. Nice weather might offset some of it, but it will be dreary for home sales, that's for sure.
https://t.co/ERgErdjhpw

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Chow will likely create housing. BradBrad will crater the city's finances. You don't have to like either one of them, but only Brad² is going to fiscally ruin the city.
https://t.co/OKo3PXIo2K

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

Interest rates are holding people back. Economic uncertainly is certainly a major player. And buyers are wondering if prices will still fall further, they don't want to buy now, when they might be able to pay less in a few months.
https://t.co/McbNzHIUc5

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

No one is surprised. New housing has slowed to a crawl. Everything from sales to construction is happening a lot slower. Confidence, consumer and developer, is at an all time low.
https://t.co/1sbpIKOtyI

[Laurin Jeffrey 🇨🇦 Toronto Real Estate @condoloft]

These converted mansions are not as rare as you would think. But finding a 5,000sf unit in one of them? That doesn't come along every day...
https://t.co/DWFZccUYz5