Home Builder Canada Readers survey
newsletter
NP_lineHome Builder Magazine New Products Online
NP_line
Computers, Educational
&Technology

NP_line
Electrical & Mechanical
NP_line
Exteriors
NP_line
Finishes & Surfaces
NP_line
Kitchens & Baths
NP_line
Landscape & Design
NP_line
Speciality Products
NP_line
Structural
NP_line
Tools & Equipment
NP_line
Windows & Doors
NP_line
New Products home
NP_line



External Links: Associations & Governments. Builders & Renovators . Manufacturers & Suppliers

Home . About Us . Subscribe . Advertise . Editorial Outline . Contact Us . Current Issue . Back Issues . Jon Eakes



© Copyright - Work-4 Projects Ltd.

New detached-home sales rise in GTA

April 2, 2019

The Greater Toronto Area (GTA) registered sales of 639 new single-family houses in February—the highest level since April 2017, according to the Building Industry and Land Development Association (BILD).
The data is based on sales of detached, linked and semi-detached houses and townhouses, according to Altus Group. Sales were up 147 per cent from February 2018, but remained 50 per cent below the 10-year average.
In comparison, the 772 sales of new condo units were down 58 per cent from February 2018 and down 51 per cent from the 10-year average.
Remaining new home inventory in February included 11,169 condo units and 5,233 single-family lots—spanning new units that are in pre-construction or currently under construction but have not already been sold, and finished-but-not-sold units in completed buildings.
Prices were down for detached properties but higher for condo units over the past year. The benchmark price of new single-family homes was $1,122,682, down 8 per cent over the last 12 months, while the benchmark price of new condo units was $792,709, up 8.6 per cent from February 2018.
BILD GTA president and CEO David Wilkes expressed hope that the recent federal budget, which offered two incentives for buyers “will enable more first-time homebuyers to enter the market and purchase the type of home they want.”

 

 

homeBUILDERcanada.com | Home BUILDER Magazine | Canada's #1 Information Source for Residential Home Builders and Professional Renovators

HB house ad sub
Home Builder Magazine Ask Jon Eakes
Home Builder current issue