Yes!  The Government supports the idea of intensifying the population in Toronto.  Realistically, 75-80 per cent of units are sold upon completion and the other 20-25 per cent are sold quickly afterwards.  In an interview with CTV news, Brad Lamb (President of Brad J. Lamb Realty & Lamb Development Corp.) had mentioned that there are currently 500 MLS listings for condos, nowhere near the suggested 25,000 empty units which would represent an excess supply in Toronto.

Needs include housing, food, utilities, insurance and transportation costs. Wants include things like cable TV, entertainment costs, unnecessary clothing and toys, such as iPods and sporting equipment.