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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

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Condominiums along the shore of Lake Ontario. A penthouse with views of downtown Toronto and Lake Ontario sold for C$20 million last year, the most expensive condo sold in the country in 2017.

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

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