Original article via Globe and Mail.
Toronto’s single-family home market has been under pressure recently, with prices lower today than they were a year ago, but the same can’t be said for the city’s red-hot condo market.
Prices for available condos soared 35 per cent over the past year, market research firm Urbanation reported on Thursday. The average price per square foot rose to $876. In central Toronto, prices soared past $1,000 per square foot for the first time.
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