http://www.ottawacitizen.com/business/Canada+High+rise+condo+sales+record/4006352/story.html
Canada. High-rise condo sales hit new record
Sales of highrise condos are stacking up -- the market had its best-ever performance in November, with 2,293 condos sold in the Greater Toronto Area, an increase of 8.4 per cent over the previous year, according to the Building Industry & Land Development Association (BILD). There were also 1,788 single-detached and semi-detached and town house units sold last month. The combined 4,081 units was one per cent higher than sales in November 2009, according to RealNet Canada Inc., BILD's official source. For the year to date, the GTA housing market is ahead of this time last year by 14 per cent.
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http://www.montrealgazette.com/news/toda...ced+condo+ever+Quebec/4006865/story.html
Ritz: highest-priced condo ever in Quebec
The sale of the penthouse at the Montreal Ritz-Carlton Hotel and Residences might be the highest priced residential transaction ever in Quebec.
But despite selling for $13 million plus taxes, the opulent penthouse at the historic Sherbrooke St. hotel is significantly less expensive than a luxurious unit with similar amenities in Vancouver, or Toronto.
In Toronto's Yorkville district, a 9,000-square-foot penthouse at the Four Seasons hotel and residences -with separate living quarters for staff -is still on the market for a staggering $30 million.
It's the highest-priced condo in the country.
And while condo prices in Montreal are unlikely to catch up to those in Toronto or Vancouver anytime soon, the number of luxury projects here is growing.
Indeed, Sotheby's executive Dave Carson moved from Atlanta to Canada in fall 2009 specifically to develop high-end markets in Quebec and Ontario.
"I think that the interesting thing about Montreal -until recently the $900 to $1,000 a square foot price point was uncommon," said Carson, a vice-president at Sotheby International Realty Canada-Quebec. "That 'shocking price point' is no longer the case. And I suspect that it will only go higher."
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http://www.montrealgazette.com/Ritz+high...+Quebec/4006865/story.html#ixzz18mHtDnS1