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Tag: Altus Group

Toronto

Toronto Real Estate Developers Sold Zero New Single-Family Homes Last Month

July 26, 2022

Toronto real estate is suddenly so cold zero new single-family homes sold in June, but inventory has yet to bounce.

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Toronto

How Slow Is Toronto Real Estate? Developers Only Sold 2 Single-Family Homes In May

July 18, 2022

Greater Toronto’s new housing market is slowing just as fast as existing-homes. Altus Group data shows new home sales fell sharply in May, while inventory levels have improved. New home inventory is still low compared to historical levels, but the drop in sales has been so sharp that it’s starting to erode price gains. Just […]

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Toronto

Greater Toronto New Home Prices Fell Over $50k Last Month As Sales Cool

May 31, 2022

Greater Toronto new home prices are finally starting to cool. Data from Altus Group and BILD GTA shows new home prices fell in April. Fewer sales and more inventory definitely contributed to softer prices. However, inventory is still very tight compared to historic levels. More likely, the threat of rising rates deflated exuberance, driving prices […]

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Toronto

Toronto New Home Prices Drop $58,000 Despite Low Inventory and Higher Sales

February 28, 2022

Greater Toronto new home sales ripped to a new high last month. BILD and Altus Group data shows new homes had the biggest January ever, with tight inventory. Despite the perfect conditions for higher home prices, they did the opposite. The cost of a typical single-family home fell by tens of thousands of dollars, while […]

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Toronto

Toronto New Home Prices Are Finally Seeing Growth Slow

July 26, 2021

Toronto’s new home market is finally starting to cool, but it’s got a long way to go. Altus Group and BILD GTA data show new home sales were firm in June. Weakness in the city, especially for condo apartments, weighed on price growth though. Annual price growth is starting to slow, with condos even seeing […]

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Toronto

Toronto New Home Inventory Reaches Highest Level Since February, Condos Sales Fall

November 30, 2020

Greater Toronto new home sales are weaker, helping to push inventory a little higher. Altus Group data shows new home sales were down in October. The drop in sales wasn’t due to weaker demand across the region though. It was exclusively due to the City, as buyers sought out suburban homes. Toronto Detached Prices Jump, […]

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Toronto

Greater Toronto New Home Sales Fall To Lowest Level In Over A Decade

July 29, 2020

Greater Toronto new home buyers are holding back, especially when it comes to condo apartments. Altus Group data shows prices increased in June, with new condos hitting a all-time high. The price increase was driven by low demand though, as sales almost completely halted. Fewer than one in five new homes were sold last month, […]

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Toronto

Only 5% of Greater Toronto’s New Homes Sold Last Month

May 27, 2020

Greater Toronto new home sales finally got the pandemic message last month. Altus Group data shows sales made a dramatic drop in April. The segment had bucked the slowing market in March, but is now finally responding. The result has been a mixed movement for prices. New Single-Family Prices Fall, While Condo Apartments Rise The […]

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Toronto

Greater Toronto New Home Sales Improve, But On Target For A Weak Year

October 31, 2019

Greater Toronto new home sales made a big improvement from last year. Altus Group data shows sales of new homes were up big in September. Most of the increases were in the suburbs, and a lot of the increase has to do with a slow comparison period. Year to date, Greater Toronto new home sales […]

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Toronto

Slow August Sees Toronto New Home Sales Fall, While The 905 Picks Up

September 26, 2019

Slow sales be damned, Greater Toronto new home buyers are still pushing prices. At least for condo apartments. Altus Group and BILD data shows sales were climbing in August. However, so was inventory – which lead to even more new homes on the market compared to sales. Even though fewer than one in ten homes […]

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