I remember back when people on this site were saying things like no-one will ever buy a condo beside a highway or without a parking space. People were predicting that condos without parking would be a huge FAIL, and yet, they found buyers.
Just because most people are afraid of colour (well, everything besides grey, so it seems) it doesn't mean that there aren't people like myself who appreciate a good shot of colour (red is my favourite) in their architecture/condos. It may be a small percentage of people like this in Toronto but there probably is enough to fill the occasional condo here and there. We won't know until more developers start proposing more colourful buildings. Most artists I know, love and embrace colour. I've seen some wickedly cool, colourful apartments in my day.
Oh, by the way, my living-room walls are RED and the ceiling is silver! You will find very little white in my place.