Not when developers are trying to cause a feeding frenzy for a new condo at the corner of Bloor & Yonge Streets. Realtors were actually paying people thousands of dollars to stand in line at the Bloor & Yonge Streets location so that they would get first crack at a unit. The place holders were mostly students who were actively recruited on Internet sites like Craigslist and by word of mouth.

I suppose that the students were a natural fit for the “positions” given their vast experience lining up for concert tickets. I can’t imagine that Bloor & Yonge Streets have ever seen anything quite as insane as this before – supposedly civilized people fighting over who is going to have the opportunity to overpay for a condo. The condos went on sale on the night of Tuesday, November 13th. Prior to the 13th the condos were listed from $300,000 - $2,000,000. The demand created by the developers reached such a pitch that the day that the units were going on sale the prices were jacked up to from $500,000 - $8,000,000. You would think that sanity and good sense would prevail and that the smart people of Toronto would just laugh and walk away. But no! People in the line started pushing and shoving in an attempt to get closer to the front.

People in Toronto, are you insane? This condo, 1 Bloor Street, is not even scheduled to be built until 2011. The condo, at 80 stories, will be the tallest in Toronto. That is unless some other savvy developer decides to trump (excuse the pun) that. Yes, Bloor & Yonge Streets is a great location. But is it worth fighting for? Toronto, what are you thinking?