Traynor;54230 ...Toronto is in a whole new realm of what [I said:"Location"[/I] actually means.
Interestingly, in a lot of major cities one sees a range of buildings from low to mid range near very high end buildings. I think it is the exclusivity or the services that delineate. The location is "downtown" and that says it all, whether the building is entry level or super high level. Part of the cost is location. I agree with the comment that you can certainly upgrade a lesser condo building with every upgrade a lot cheaper than buying in the more upscale building but it will still be a beautiful condo without the cache of the more upscale building.