Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 796

I have a copy of Monocle's Guide to Hotels, Inns and Hideaways sitting on my desk and I love flipping through it. There's something magical about a great hotel. Part of that magic is intrinsic -- it's just a good hotel. And part of it is the fact that we're probably all a bit more open to new experiences when we travel. Our mindset changes.

On the first of January, I wrote (briefly) about two recent experiences where I was no longer required to interact with a person in order to check into a hotel. It was all done electronically. Some of you followed up and asked: "Do you think this is a good thing? Don't you miss the human connection?"

My response was that I think it is inevitable. There is a long history of technology/automation replacing human jobs. We used to have elevator operators. Now we don't. We used to have people shoveling coal into furnaces. Now we don't. And I think that's okay. We created different jobs. The same is likely to happen with Uber/Lyft drivers.

At the same time, our need for human connections isn't going away. One of the best features of a great hotel is the bar. Whether it's sitting at the bar and talking with the bartender or meeting someone new, those moments of interaction will always remain precious.

And it's one of the reasons why, I think, platforms such as Airbnb haven't meant the demise of hotels. Part of it has to do with the service offerings and consistency of a good hotel. But part of it also has to do with our desire to be around other humans. In the words of Monocle: "There's something about a hotel bar that captures our collective imagination."

I would like to revisit the post that I wrote last week about the Brazil-based real estate startup, Loft. In it, I said that they are doing in Brazil what Opendoor, and others, are doing in the US. They are buying and flipping homes using algorithms. This has become known as "iBuying" and we've talked about it a lot here on the blog.

But we have also talked about how this is probably not the end game. These companies are seeding a marketplace, because in every new two-sided marketplace you are always faced with a chicken-and-egg problem. You can't attract supply if you don't have demand. And you can't attract demand if you don't have supply.

In reading the investment announcement by a16z , this larger vision is pretty clear:

They [Loft] are building a transactional marketplace for the biggest asset class in the world, starting in the biggest market in Latin America, on a time horizon that makes it hard to believe it’s been less than a year since the PowerPoint. They buy homes, fix them (often according to formulaic specifications provided by active buyers), and sell them — what is now known as “i-buying,” with the vision of turning this into a transactional marketplace.

If successful, these companies will transform from just "iBuyers" to fully fledged marketplaces for the buying and selling of homes. And when that happens (I believe it's a when), it is likely to mean dramatic changes to the commissions landscape. Today, over $100 billion in residential real estate commissions are paid out across the United States each year.

Designlines Magazine is out with its annual "Designer of the Year" issue and this year's winner for best overall designer is Superkül -- the award-winning architecture firm behind Junction House . Pictured above are Andrea D'Elia, Meg Graham and the team. (The JH project team spends a lot of time in the boardroom that you see in this picture.)

Other winners for this year include Omar Gandhi , Paolo Ferrari , and LGA Architectural Partners . They were awarded best restaurant, best product, and best public space, respectively. If you aren't familiar with the work of these four firms, I would encourage you to check them all out. They are truly some of the best in the city. Congrats everyone.

If you'd like to buy a copy of Designlines, you can do that here . We will also make copies available at our temporary Junction House showroom, which is located at 2843 Dundas St W .