Supply of new homes in the GTA dwindling amidst sales boom

[ad_1] A banner year for new home sales has made a tight supply in the Greater Toronto Area even tighter. According to sales data released Wednesday by the Building and Land Developent Association (BILD), 37,669 new homes were sold across the GTA in 2020, up 5 per cent from 2019, and two per cent above […]

Sales of new single-family homes set 15-year record in January

[ad_1] The search for more space indoors and out has continued into the new year with single-family houses continuing to dominate new-construction home sales in January. The 1,506 detached homes, semi-detached homes and townhouses sold in January in the Toronto area was the highest number for that month since 2006, said the Building Industry and […]

New homes set record in July with prices for single family homes up almost 30%

[ad_1] As the pandemic goes on, the price of new construction homes continued to hit records in July with single-family homes leading the way. The benchmark price in that category, including detached, semi-detached and townhomes, soared 28.4 per cent year over year last month to an average of $1.52 million. The condo benchmark also climbed […]