New condo sales drop by 85% — but GTA prices hit record high
New condo sales in the GTA during the second quarter fell to their lowest levels since 2009, but prices and construction moved up, according to condo tracking market research firm Urbanation. In terms of new condo apartment sales during the second quarter — when the province was largely shut down as it grappled with the […]
GTA new-construction single-family home sales continue to soar in October as condo sales plunge
New-construction home prices and sales of new single-family homes in the GTA continued to climb year over year in the double digits in October, as consumers search for more space to physically distance and work from home during COVID-19. But the number of condo sales plunged 32 per cent year over year in October, said […]
Newly built condo investors came out ahead in the pandemic: Study
Rents plunged and condo sales took a powder for a good chunk of 2020. But investors, whose newly constructed units came up for occupancy last year, still saw handsome appreciation in their property values, according to a new joint report from market research firm Urbanation and CIBC Economics. The study showed that the average pre-construction […]
Is the condo sales slump over? Toronto-area new construction sales near pre-pandemic levels in Q1
The 5,593 new condominiums sold in the Toronto area in the first quarter put sales only four per cent below pre-pandemic levels and surpassed the 10-year average, a sign the market has shaken off last spring’s malaise, according to a condo report released Monday. Seventy-six per cent of the new condos launched in the first […]