Toronto condo market healthy: builders

[TORONTO] Builders of Toronto condominiums get as little respect these days as the embattled mayor, according to one of the city's largest high-rise developers.

"I almost know what Rob Ford feels some days because people are always taking runs at the guy," Barry Fenton, chief executive officer of Lanterra Developments, said at the Bloomberg Canada Economic Summit yesterday. "The truth of it is we're good, the market is really healthy still and we have a long ways to go on the upside."

Toronto, whose mayor entered a rehabilitation centre after admitting smoking crack cocaine, is in the midst of a building boom.