Toronto Condos experienced what some call "a miracle" in rebounding from just a year ago.

New Real Estate data shows:

• Luxury home sales edging higher
• Resale homes new records
• New Condos in the Toronto Market increase

The average price per square foot for new Toronto Condos was relatively flat at $475 but slid closer to $430 for new projects launched in the third quarter.

Lower pricing, low interest rates and a pent-up demand has resulted in a heated Real Estate Market.

Toronto Realtors were taken by surprise with the positive numbers, especially after a very slow start at the beginning of 2009.

Even Toronto's new downtown Commercial Real Estate set a pace of unprecedented activity with three new office towers completed.

To accompany this office growth Toronto's new luxury Hotel-Condominiums were constructed in the same downtown financial area.