Luxury condo sales in Canada hit new high

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.

Sales of condos with a price tag above C$1 million surged 59 per cent in Toronto, 27 per ce…