I don't disagree that there is a market for buyers in this area, just that the price point appears astonishingly high for the area. This is not a neighborhood, and it never will be, as much as you want to portray at as such. Transit is a big positive, but again, how many people paying $500 per square are taking the subway or visiting the CN Tower? That kind of price in that kind of area smells like offshore marketing (at a great discount to London and Toyko!) to me. Specuvestors all around. Anyone read today's Financial Post? Cover story on the condo market.
I'd love to hear from a forum member who shopped the area and decided that this spot was the best bang for his buck and that he INTENDS TO LIVE HERE.
My guess is I will get numerous responses from people who bought units here because it is such a great investment- and what a deal compared to other 'world class cities!'