According to new data from the Royal LePage, luxury condo homes are growing in value compared to detached houses with an average of 10.4% increase in prices over the last four months. The Greater Toronto Area (GTA) has experienced declining homes sales in a season that bring in high volumes. The decline is attributed to government interventions, high mortgage rates, and low sales activity. Sales...
In an eye-opening deal, the Four Seasons Penthouse suite sold for a whopping $28 million in recent days, but due to a non-disclosure, we wont know who the lucky (unlucky?) purchaser is. But keep in mid, as ridiculously expensive as this sale may sound at about $3000/sq.ft, it's still cheap compared to some other major cities such as New York or London. Apples and Oranges?...
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