Canada Traveller

Feb 20, 2007 - Canada Travel Web >>>

New Loft Developments In Toronto, Ontario - by Rob Parker

Loft living is at its finest in Toronto, and the market is booming. There are literally dozens upon dozens of loft developments under construction in Toronto, and competition is tough. For many people interested in purchasing living space in a new loft development, the search begins early and it is grueling.

One thing that makes finding a loft so difficult is that 50 percent of loft developments are sold before the building is listed on the public market. This means that people wishing to buy a loft must do a lot of research and try to secure a loft before construction is completed. If they are successful, there are many rewards. Many lofts in the Toronto area increase in value anywhere from $10,000 to $20,000 on the day that they are placed for sale on the public housing market.

Lofts are distinct from condos in that they feature exposed ductwork, exposed beams and columns, few interior walls, and high ceilings. They are very open spaces, commonly two stories high and have a lot of original features that set them apart from other homes on the market.

There are two types of loft developments: hard and soft. Hard loft developments are created by converting an old commercial building such as a warehouse or factory. Once obtaining such a building...

Read the rest of this article...