Toronto’s luxury condo sales surge despite market, Sotheby’s International says.

Original article via CBC. Click here to read.

Greater Toronto Area home sales may have hit a slump but a new report suggests Toronto’s luxury condominiums are being gobbled up faster than ever by wealthy buyers willing to shell out over $1 million for apartments in the sky.

Brad Henderson, president and CEO at Sotheby’s International Realty, says there are different subsets of buyers responsible for the 98 per cent spike in luxury condo sales.

‘A million dollars is almost entry level in this city.’

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