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  TORONTO A Toronto townhouse on a busy street that drew multiple offers and sold for $420,000 above asking is a sign there is still plenty of heat left in the city’s red-hot market. But even as sellers are celebrating, there are warnings that the true costs of the high prices will be borne by local businesses facing labour shortages and a generation unable to own their homes. The property was a very good product. We’re lucky to have this property, selling realtor Teuta Guci told CTV News Toronto. The three-bedroom townhouse, on Coxwell Avenue north of Michael Garron Hospital, attracted four bids and ended up selling for $1.52 million dollars, or almost 40 per cent over the asking price.

British columbiaSan franciscoUnited statesPhil soperTeuta guciMike moffattUniversity richard ivey school of businessRoyal lepage house priceCoxwell avenueMichael garron hospitalRoyal lepageHouse price surveyWestern universityRichard ivey schoolபிரிட்டிஷ் கொலம்பியாசான் பிரான்சிஸ்கோ