Longtime Toronto film fest attendees have seen the city boom skyward in recent years, with 65 new condo towers hitting the market in the past year alone. More than 100 cranes currently dot the skyline, servicing residential high-rises in various phases of development. Since 2010, 165,000 condo units have been built, with approximately 18,000 more added in 2016 and another 83,000 under construction, according to condo tracking consulting group Urbanation. Sotheby's agent Rizwan Malik notes that the majority of these units are being bought in presales. "The condo market is absolutely insane," he says. With similar — if slightly less frenetic — booms still going in L.A. and New York, and more Hollywood buyers eyeing a Toronto pied-a-terre outside Trump's America, THR looks at what you can get for under $4 million in each of the industry-favored cities.
This story first appeared in the Sept. 6 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.
