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What about other costs? Marketing, sales people, promo materials, sales center, etc. etc.

Think he's pointing out the fact it sold $100k over list?

The buyer probably has condos in those cities already.

BoC should raise interest rates to curb inflation: OECD http://www.ctv.ca/CTVNews/Canada/20110525/bank-of-canada-oecd-report-110525/

Wow, how much space is between Charlie and Hudson? Would love to see the "view" from those units.

Great article on Chinese buyer's influence in Vancouver http://www.bloomberg.com/news/2011-05-16/chinese-spreading-wealth-make-vancouver-homes-pricier-than-nyc.html

No new mortgage rule changes: Flaherty http://www.vancouversun.com/business/mortgage+rule+changes+Flaherty/4760824/story.html

Ontario sees impressive job growth in April http://www.thestar.com/business/article/986858--ontario-sees-impressive-job-growth-in-april

Around $500k I'd say. ~$600 / sq ft + extra $13.8k for terrace/balcony + $35k parking + $5.5k locker

I know rental prices have stayed low. If foreign investors are going to keep buying properties, rental rates need to increase or prices will start leveling off.

Rentals are underpriced. They have to go up to support the market. If they don't, prices will soon level off.

Might see the same thing in other pockets, Regent Park looks like a good candidate.

What's interesting is this "The map on the previous page shows land prices paid since 2004 in the immediate vicinity. The price of 621 King ... $623/sf ... was almost exactly double the price paid two years earlier for 650 King ... $312/sf." Really shows how fast an area can take off.

$623/sq ft for the Travelodge/Thompson site...

http://articles.nydailynews.com/2011-04-02/entertainment/29390279_1_big-apple-world-class-city-business-class

Canada’s annual inflation rate shot to a 30-month high in March, with data showing rising prices are seeping past typically volatile items like food and gasoline and stoking talk about an interest rate hike from the Bank of Canada. Statistics Canada released data on Tuesday that showed annual...

I'm guessing it's that + people trying to lock in a mortgage before rates increase.

http://www.theglobeandmail.com/news/national/toronto/marcus-gee/the-manhattanization-of-downtown-toronto/article1981037/ Live, work, play all in the same area

http://www.ctv.ca/generic/generated/static/business/article1980072.html The IMF also had interesting things to say about the housing market, given the pressure in the United States and elsewhere. Citing Canada, Greece and Japan, the group noted that "house price contractions" are continuing but...

Well done.