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Tag: Toronto New Construction

Toronto

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

April 30, 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

Toronto New Home Sales Fall To Lowest Level Since Great Recession

March 26, 2019

The once scorching hot Toronto new home market continues to cool. BILD GTA, a trade group representing GTA home builders, numbers show prices slipping in February. The slip wasn’t large, but combined with rising inventory and falling sales could get worse soon. Last month was the fewest sales for the month of February since the […]

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Canada

New Home Prices Fall Across Canada For The First Time Since The Great Recession

March 22, 2019

New home prices are dropping across Canada, according to the national statistics agency. The Statistics Canada (Stat Can) New Home Price Index (NHPI) shows a price decline for this past January. The decline is the first negative print for the index since the Great Recession. New Home Price Index (NHPI) The NHPI is a home […]

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Toronto

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

February 28, 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

Greater Toronto New Home Sales Fall To 2008 Levels, Inventory Up Over 38%

February 5, 2019

If you’re looking for a new home in Greater Toronto, there’s a whack of supply that continues to rise. Altus Group numbers obtained from BILD show December inventory was the highest in years. The rising inventory came as the market saw the fewest new home sales since the Great Recession. Greater Toronto New Home Prices […]

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