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Luxury condo sales in Canada hit new high
Foreign buyers and affluent baby boomers looking to downsize helped keep condo prices growing at double-digit rates in the country's major cities in 2017
Add BT as a preferred sourcePublished Thu, Jan 11, 2018 · 09:50 PM
Toronto
A C$20 million (S$21.2 million) penthouse with views of downtown Toronto and Lake Ontario helped luxury condominiums shatter sales records in Canada last year, bucking a cooling trend in the rest of the housing market.
The 650-square-metre residence in the city's Bloor Street area was the most expensive condo sold in the country in 2017, according to Sotheby's International Realty Canada.
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