I bought my condo less than 2 years ago. The same unit, 11 floors lower, is now for sale for 80% more than I paid. Same condition, just worse view from the balcony.
Toronto maaaybe has a bubble going on.
(If I can sell for $1m more than my mortgage, I'm going to retire in my 30s and move somewhere cheaper. So far, that looks like it could actually happen).