TEK Tower (30 Francis) | 45 fl | U/C

[jeffster]

With new construction pushing $900 square foot, how much demand is there for $700,000 - $1,000,000+ 2 or 3 bedroom condos?

$700K would still be 20% cheaper than the average house in K-W. So, I really don't think the sticker shock would be there.

Factor in condo fees. Factor in that those needing 3 bedrooms probably want some property (for their kids). It's a different clientele entirely that buys these condos vs a townhome/semi/house.