Condo prices are the latest to hit a new benchmark, with the average price exceeding $400K for the first time. That comes as part of the strongest month of sales for the local real estate market in its history. Demand far outweighs supply, and first time buyers are flooding the market with offers.
It's times like these that I wish someone would have talked me out of going to grad school (seriously, don't go to grad school if you ever want to own property). In any case, the roaring Toronto real estate train shows few signs of slowing down as those with enough money for tickets scramble to get on board.