TORONTO A Toronto townhouse on a busy street that drew multiple offers and sold for $420,000 above asking is a sign there is still plenty of heat left in the city’s red-hot market. But even as sellers are celebrating, there are warnings that the true costs of the high prices will be borne by local businesses facing labour shortages and a generation unable to own their homes. The property was a very good product. We’re lucky to have this property, selling realtor Teuta Guci told CTV News Toronto. The three-bedroom townhouse, on Coxwell Avenue north of Michael Garron Hospital, attracted four bids and ended up selling for $1.52 million dollars, or almost 40 per cent over the asking price.