There is nowhere quite like the Sapphire Residences – an exquisite collection of apartments and penthouses boasting uninterrupted panoramic views overlooking the Indian Ocean and the Beira Lake. Inspired by the famous Sri Lankan blue jewel, Sapphire Residences has been meticulously designed for those who expect the best things in life.

The price of a new construction single-family home fell 7.1 per cent — about $85,000 — year over year in September to $1.1 million on average. Condo prices, meanwhile, have continued to climb — up 19.4 per cent to $789,643 — an increase of $128,455 in a year.