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Because developers know people are stupid enough to pay these absurd prices. Monkey sees condo. Monkey buys condo.

I think it looks really cool. I really like the pink "Junction House" sign at the top, which probably isn't much to add. But, I find it very expensive and hate the floorplans less than 1000 sqf because of those ugly, long skinny hallways.

The west-side units facing the white office building seem reasonably priced between 1040-1070 per sqf. Could be a good investment opportunity considering King Toronto and The Well may change King West forever.