New condo sales drop by 85% — but GTA prices hit record high
[ad_1] 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 […]
New single-family home sales soar 355 per cent in August
[ad_1] The pandemic and record low mortgage rates have played out in a blockbuster summer for the Toronto region’s new construction home market, according to numbers released by the building industry on Tuesday. August sales of single family homes – a category that includes detached, semi-detached, link and town houses (stacked town homes excluded) – […]
GTA new-construction single-family home sales continue to soar in October as condo sales plunge
[ad_1] 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, […]
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 […]
Is the condo sales slump over? Toronto-area new construction sales near pre-pandemic levels in Q1
[ad_1] 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 […]