I think Toronto fair price is $1000 per sqft for condos
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.