The last year for Toronto Condos was a banner year for the industry. As I’ve mentioned before, sales records have been smashed. Month by month, new sales records have been set. November 2011 was no different.  According to Realnet, November pre-construction high-rise sales hit 3,137 units and was the 4th highest sales month on record (June 2007 hit 3,533 units). Surprisingly,  most of the sales occurred at existing sites as new condo launches only reflected 27% of all sales. November also set a record for the number of active sites at 391, but with sales continuing at the pace they did, unsold inventory to decreased…and thank goodness, because if the supply was not there, developers would have most certainly started to get very aggressive on prices at their launches (average price per square foot $527 in November 2011 – up from $500 psf from November 2010). Top Selling Condo Projects for November 2011 Karma by Centrecourt/Lifetime Developments (495 units – 440 sales – $682 psf)     Alto at Atria by Tridel/Dorsay (483 units – 332 sales – $537 psf)       Rise Condominiums by Reserve Properties (240 units – 193 sales – $552psf)     Monde by Great Gulf (516 units – 180 Sales – $669psf)         Mirage by Conservatory Group (352 units – 145 sales – $427psf)   It will be interesting to see the year end of 2011 numbers