Robert McLister·General·September 29, 2007Toronto Condo Market Breaks (More) Records Who says it’s only hot on the left coast? Toronto’s condo market has been the definition of “hot” throughout the summer. Toronto residential sales spiked 15% in August compared to last year. Condo sales are up 22%. Downtown they’re up 32%! The sales-to-listings ratio for condos in downtown Toronto is now an astounding 90%. 25-35% is typical. While it’s slowed down a bit in September, RE/MAX Condos Plus says, “multiple offers are the norm,” and advises to beware of the “phantom offer.” Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.