Image result for 33 lombard streetIn this issue, we looked at sales at The Spire, a 45 storey condo building at the corner of Church and Adelaide with a walk score of 100! Registered in 2007, it has been the most in demand condo east of Yonge. The first unit we looked at was a one-bedroom corner suite with parking, locker, and large balcony (just under 100 sf) with 9 ft ceilings, gas bbq hook up, and sw views from a high floor. It sold in 2014, for $383,000; in 2016 for $485,000; and in 2019 for $610,000. That is a price increase of 12% per year over the period. At 589 sf, that is a price of $1035 psf. The second unit we compared, was also on a high floor but faced north. This two-bedroom one bath unit also has parking, no locker, but does have 9ft ceilings, gas bbq, and a balcony over 150 sf. This unit has also sold three times. First in 2008 for $361,000; then in 2013 for $435,000; and in 2019 for $740,000. That works out to an annual increase of 7.5% over the 10+ year period. At 724 sf, the price is $1025 psf. There are only two listings for sale out of 353 units. Two conclusions can be made from this analysis: prime downtown condo buildings in the resale market are now over $1,000 psf; and annual price increases have been consistent in the 5-10% range over the