You’re not a world class city, it seems, unless your parking spot costs more than your car. So Toronto, get set for the $100,000 parking spot.
Parking at new condominium projects has risen steadily in the city, quietly hitting a new high-water mark with the slate of ultra-luxury condominium projects.
The new $100,000 price point, almost certainly the highest in Canada, has caught the attention of the real estate community. It has also underlined the dramatically increasing cost of parking downtown.
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