K Shaped Condo Curve. PSF $500
Have been recently talking to some insiders in various dev companies, and there's whispers mentioning there's a K shaped curve between detached, semis and townhouses and condos.
One even mentioned they wouldn't be surprised if condos hit $500 psf.
So for a 1000 square foot condo (a box in the sky), it would be $500,000 which would be a reasonable valuation.
Curious to see what happens in 2021! This temporary blip increase in prices is too small of a statistical signifiance to actually determine market trends.