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Tag: Altus Group

Toronto

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

November 30, 2020November 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, 2019September 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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Toronto

Toronto New Condo Prices Rise, While Detached Losses Get Bigger

August 29, 2019

Greater Toronto new home sales are picking up, but buyers are mixed on prices. Altus Group data shows new home sales across Greater Toronto made a double digit climb in July. Even with the rise in sales, trade volumes are still light this year. Prices followed with a mixed move – condo prices accelerating gains, […]

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Toronto

Toronto New Home Sales Plummet, But The 905 More Than Makes Up The Volume

July 26, 2019July 27, 2019

Greater Toronto new home sales are improving, just not in the City of Toronto. Numbers from Altus Group, a leading real estate data firm, show a big climb for new home sales in June. While the climb is large, sales volumes are still below average for the month. Most interesting is the market shift. New […]

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Toronto

Toronto New Condo Sales Plummet, While Suburban Detached Homes Sales Rise

April 30, 2019May 1, 2019

Greater Toronto new home sales climbed last month. Numbers from Altus Group show new home sales increased in March, attributed entirely to a rise in the 905. Don’t get too excited though. The only reason new home sales increased, was because the bar was set so low last year. Last month was still the second […]

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Toronto

Only 1 In 10 New Homes In Greater Toronto Were Bought Last Month

February 28, 2019March 7, 2019

Greater Toronto new home sales are off all-time lows, but not far from it. BILD GTA, a lobby representing homebuilders, noted a rise for new home sales in January. Last month may have seen an increase, but it was still very much below normal. Toronto Real Estate Prices Are Still Diverging Greater Toronto new home […]

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Toronto

Altus: Half of Toronto Real Estate Buyers Were First-Time Buyers

February 14, 2019March 7, 2019

Toronto real estate is super expensive, which is why there’s so much political support for first-time buyers… right? What if we told you  first-time buyers might be a large part of why prices are so high? Altus Group, a massive real estate insight company, published survey results on first-time buyers. The claim that first-time buyers […]

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