Toronto Condos Keep Breaking Records Through 2011 To 2012

According to this article in the Toronto Star, the Toronto condo market has continued to break records through 2011 and even already into 2012.

2011 saw a number of records for Toronto condo construction and sales:

132 Toronto condo projects are currently under construction - a world record.

-The announcement of the tallest residential tower in Toronto at 75 storeys.
-The smallest condo suites in Toronto with two 270-square-foot condos in motion for the King Street West DNA condos project by Canderel.
-High-rise condo sales in the 905 area code surpassing sales in the 416 area code for the first time ever in August.
-Sales in the range of 27,000 far outshot initial predictions, while about 20,000 are predicted for by Ben Myers of condo research company Urbanation.

And already, Toronto holds the world record for the most high rises under construction in 2012 with 132.

Across Canada, about 11 per cent of homeowners live in condominiums, while more than twice that number live in condos in the city of Toronto.

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