TORONTO is awash in condos and lofts of all kinds, in almost every neighbourhood. It’s bewildering out there, but there’s bottom-line help available from two innovative, easy-to-use websites – http://www.condos.ca & http://www.mrloft.ca
Realtor CARL LANGSCHMIDT and his two partners are shaking up the TORONTO real estate industry and giving buyers and investors the vital information they need. Says Langschmidt: “With this site, there’s no pulling the wool over peoples’ eyes in terms of what the real (values) are. There’s not going to be any way to hide from the facts.”
The team is getting the facts by buying critical land registry information that gives the exact square-foot measurements of more than 275,000 condo units across the Greater Toronto Area, as well as their maintenance fees, rules and restrictions.
Toronto Star Business Reporter SUSAN PIGG writes “they then had an analytics team painstakingly map out that information, building by building, and have cross-referenced it with MLS sold and other data to create a very clear picture of each building, going as far back as a decade.”
Plans are in the works to create a list of “best developers” and which buildings are wise investments based on their rates of return.