[travis3000]

The condo market in Toronto is not going to deflate. There are of course natural ups and downs in any real estate market, but owning a condo in Canada's largest and most important city is more of an investment. With the greenbelt all around the GTA limiting detached homes, the pressure will remain on condo development. Proof of this is that the suburbs are even building condo towers now. Vaughan just finished a 30+ storey monster tower right on Highway 7 with more planned and they are selling well. But in a market where the average detached home is going for $600,000 ... what do you expect. As long as the GTA continues to attract around 90-100k people a year, as long as the downtown lifestyle continues to become more popular, as long as the jobs continue to grow downtown (they are), and as long as the greenbelt is there... the condo boom in TO will continue. There will be waves of course of less busy activity, but I fully expect the construction to continue.