By the end of 2014, the price index for a new low-rise home was $705,813, whereas the high-rise equivalent was $454,476.  That’s a price difference of $251,337, the highest gap on record.  George Carras, president of RealNet, Altus Group asserts “The desire to curb sprawl and encourage intensification has led to the continued condominium boom in the 416, spiking home prices and a widening price gap between low-rise and high-rise housing product.”