A new developer from Vancouver at the high end of the market thinks Toronto prices are cheap. he is building at up to $2,000 per sq.ft. I don't think Toronto is ready for that.
At the same time , the latest CMHC forecast of the Toronto Condo Market expects prices to rise by more than the 3.6% average this year for real estate.
And our own Company is forecasting over the long term that prices will more than double in ten years.