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Pauline Lierman, vice president of market research at Canadian housing research consulting group Zonda Urban, said that pricing in the market is up more than 10% across the geographic target area. For example, in the City of Toronto, small, 260-square-foot condo units are priced at $360,000, and a 500-square-foot one-bedroom condo is more than $550,000. These represent the least expensive entry-level new housing in the City.
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