I think Toronto fair price is $1000 per sqft for condos
Having travelled around the world for the past 10 years (don't envy me, I'm a lot poorer than the average Toronto family with a detached) my conclusion is that a fair price for a downtown Toronto core condo should be around $1000 per square foot. That about half the price of London and New York at today's rates and about on par with Paris and Moscow.
A few months ago I witnessed the opening of Ritz Carlton residences here in Bangkok. While the building is somewhat impressive the surrounding area and Bangkok specifically is a dump.... And this place was sold out at twice the price of Ritz Carlton residences in Toronto. I mean who wants to invest in Bangkok? The place is a joke with poor construction all around....Yet the cranes are everywhere.
Thousand bucks per square meter to live in a first world city where the building will outlive you for decades sounds like a deal to me.
A few months ago I witnessed the opening of Ritz Carlton residences here in Bangkok. While the building is somewhat impressive the surrounding area and Bangkok specifically is a dump.... And this place was sold out at twice the price of Ritz Carlton residences in Toronto. I mean who wants to invest in Bangkok? The place is a joke with poor construction all around....Yet the cranes are everywhere.
Thousand bucks per square meter to live in a first world city where the building will outlive you for decades sounds like a deal to me.