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Sitting in the sales office of his latest big project, Michael Broccolini just can’t stop smiling. And with good reason; he is describing how buyers responded to his new 35-storey condo development, “We opened it to public sale the second week of October, and a week later we were 80 per cent sold.”

That is a stunning sales performance. The tower, named for its municipal address, 628 St. Jacques, will have 258 units, meaning Broccolini and his team sold about 200 condos in seven days. “We knew the market was on fire, we just didn’t know what “temperature” the market was,” he says.

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What makes it even more remarkable is that nothing in the building is a bargain. It is high-end, luxurious and pricey. The smallest and least expensive unit (470 square feet) sells for about $330,000 before taxes. The largest and most expensive unit is the (as yet unsold) penthouse; 4,000 square feet and costs $4.8 million before taxes.