The Building Industry and Land Development Association (BILD) today reported that May 2011 brought the highest number of condo sales ever for the GTA. "It was the best May ever for condominium sales, following the heels of a record-breaking April," said BILD's Stephen Dupuis.

It's no secret that condos have been in high demand in Toronto. BILD's take on it is that affordability is mainly what's creating a sales boom. But low interest rates combined with great building and suite designs in great locations is creating real excitement resulting in healthy condo sales.

So, while the low-rise sales are down 6% on a year-to-date basis, high-rise sales have jumped 50%.

For more information, see full story from BILD here.