"There was a 46 per cent rise in the number of condos selling for $1 million or more in the Greater Toronto Area last year.
Toronto is becoming more popular with foreign investors as prices are still lower than Vancouver, which saw a 25 per cent increase in luxury sales last year, and downsizing baby boomers are also driving GTA sales the report says."
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Source: Mortgage Broker News / Toronto Star
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Casey Ragan
“Toronto’s Condo Authority”