I just listed a 2 bedroom condo in College Park and it sold in less than 1 week amid media saying Toronto market cooling and potential price adjustments and the issues downtown during G20.  This proves the market is still strong in Toronto.

Yorkville is hot hot hot location in the middle of the luxury condos going up on Bloor, Bay, Avenue Road & Davenport is an unique pocket of houses, my client lost out on a multiple offer situation for a 12 foot wide townhouse that would need to be totally rebuilt from the fron facade back by $47,000 over the asking price or 110% of ascking price.  As Toronto grows this exclusive area will just be more & more valuable, just witness what has happened in other large cities in the world.