I was in Toronto earlier this week for business but I had some extra time to walk around and see some of the ongoing construction. It seemed that almost every block downtown had some large construction project underway with most sites being in excavation, so the real construction boom is still in the near future here. Good thing I have to go back every few months for some updates.
Here is One Bloor, which is almost complete. It seems that many of these nicer condos are selling out completely before they are even finished. Some sell out before they start construction even. The demand must be insanely high.