Here is some historical sales data for the Burlington condominium market. We have separated the sales of townhome and apartment style condos.

25 Years in Real Estate (RE/MAX January 2007)
High-density residential in the form of condominium apartments has provided a more affordable alternative to single and semidetached
housing. The condominium lifestyle has finally caught on with various age groups. Young professionals, empty nesters, and retirees have all fuelled extraordinary demand for condominiums in recent years. Unlike the late 1980s, when speculation was rampant and thousands of units were unloaded on an unsuspecting market, today’s condominium purchasers are largely end-users. Condominium apartments and townhomes now represent approximately 30 to 35 per cent of the market, and this housing type is expected to capture an even greater piece of the pie as overall housing values increase.

Condos Appeal to First-Time Buyers (CMHC July 2006)
Rising home prices have played a key role in declining demand for low-rise housing. Ground-oriented home types have become too expensive for a large proportion of first-time buyers and some existing home owners as well. Results from CMHC’s Consumer Intentions to Buy or Renovate Survey suggest that first-time buyer intentions have dropped noticeably compared to last year.

Households that have decided to purchase a new home have increasingly turned to condominium apartments, including those in traditional high-rise developments as well as stacked town homes. These housing types are available at lower price points.

Condo Sales Post Double-Digit Gains in First Quarter (2006)
Unprecedented demand for condominium apartments and town homes has sparked double-digit gains in unit sales in most major Canadian centres during the first quarter of 2006, according to a report by RE/MAX of Western Canada and RE/MAX Ontario-Atlantic Canada.

"Affordability has become a serious issue across the country," says Elton Ash, RE/MAX of Western Canada Regional Executive Vice President. "Despite relatively low interest rates and the availability of longer amortization periods, many first-time buyers are finding they have to stretch their budgets to realize the dream of home ownership. Condominiums are the easy answer for most because they offer the best of both worlds - affordability and location."

"For many years, young professionals under the age of 40 dominated Toronto's condominium market," Michael Polzler says, Executive Vice President and Regional Director of RE/MAX Ontario-Atlantic Canada . "The pendulum is now starting to shift, with baby boomers between 50 to 60 years of age emerging as a force in the marketplace. The condominium lifestyle is the major attraction for most mature buyers."