2015 Condos:
Significant Sales

Only $5,200,000 Yes, the most expensive condo that changed hands in 2014 sold for $5.2 million. This is down from the 2013 resale record transaction of $6.4 million. Nevertheless, the average price for a luxury condominium in Toronto still increased in 2014 and the number of sales at the top end has grown considerably.

Clear skies ahead The marketing time required to sell a condo over $1.5 million is now less than 60 days. In addition, a healthy resale climate is finally established at the Four Seasons, the Shangri-La and the Residences of the Ritz Carlton. Demand for larger authentic lofts is on the rise as well. These are all indicators of a stable, balanced market for prestige condos.

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