Four Season at risk?....
A quite respectful realtor from Sotheby Realty says, during the interview from BNN, Four Season's condos have been 80% sold, among which, about 90% purchasers are actually toronto locals, from rosedale, forest hill and bayview...maybe people has under estimated the purchasing power of Torontians. Four Season's condo, excluding super luxury penhouse, priced from $1 million to $9 million, average about $3 million. To spending $3 million to buy a retirement house, which is about 5 years salary of most lawyer and investment bankers, doctors who working on Bay St, that's a quite modest expenditure.