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Condo prices -- both resale and new -- in downtown Toronto have increased sharply in the past 20 odd months and they are still going up and up. Units in new buildings coming in the market are being snapped up fast -- around 80/85% units being sold in 1 day. There are regular postings in various...

There are lots of posts in various threads about an apartment being sold by the developer at $ xxx per sq. ft or an exiting apartment was sold for $ xx and the price comes to $ xx per sq. ft. If a 600 sq.ft. 1+den apartment without parking on 26th floor is sold for, say, $ 400,000, then, how...