Condo sales drive red-hot Toronto market

joeiannuzzi

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Units inside an 80-storey, $450-million downtown skyscraper helped drive Toronto`s new-condominium market to record heights in 2007 - marked by lineups over a week long and heated arguments outside sales centres.

New-condominium sales in the City of Toronto were up 45.7 per cent last year, going from 13,535 units in 2006 to 19,724 in 2007, Building Industry and Land Development Association (BILD) officials announced in a news release.

For the first time in the city`s history, condominium sales overshadowed low-rise home sales.

http://www.businessedge.ca/article.cfm/newsID/17228.cfm