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, […]
Greater Toronto new home sales are on fire, everywhere but in the actual city. Data from Altus Group and BILD GTA shows new home sales had the biggest July in over a decade. Surprisingly, this trend is driven almost exclusively by suburban home sales. In the City of Toronto, new home sales have dropped by […]
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, […]
Greater Toronto new home sales dropped to one of the lowest levels in history. Altus Group and developer association BILD data shows it was the slowest May for sales on record. The decline in sales has slowed new project launches, helping to push inventory lower. Declining inventory isn’t that big of a deal right now […]
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 […]
Greater Toronto real estate buyers rushed into the market, even amongst pandemic warnings. Altus Group data shows new home sales more than doubled in February. The impact on prices was mixed, as new single-family homes continued to fall. Condo apartment prices rallied to a new all-time high. The gap between the two narrowed to the […]
Greater Toronto new home sales are back above typical volumes for the month. BILD and Altus Group data shows a big climb in sales this past January. The increase in sales helped to push condo apartment prices to a new all-time high. Meanwhile, single-family homes continue to spiral lower. House Prices Fall, While Condos Make […]
Greater Toronto new home sales are rising, but so is inventory as well. Altus Group data shows inventory reached a multi-year high in October. The rise in inventory was accompanied by higher sales too – just not in the City of Toronto. In the City proper, sales continue to make significant declines. Greater Toronto New […]
Toronto real estate prices are rising, but most of the beefy gains are due to one segment. Statistics Canada (Stat Can) updated its new Residential property price index for Q3 2019. The Toronto index shows condo prices are rising much faster than house prices. It also tells us that resale prices are rising much faster […]
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 […]
