Best May Ever Recorded for New Condo Sales in GTA

/in , /by

The Building Industry and Land Development Association (BILD) today announced that May was the “Best May on Record” for new home sales (both low-rise and high-rise) in the GTA.  This is based on data collected by RealNet Canada.

This is hot off the heels of the “Best April Ever” for new condominium sales, which tells us that the new home market is very healthy in the GTA.  High Rise Condominiums continue to dominate the market (which, just 10 years ago was dominated by single Detached homes, indicating the switch in mentality of home buyers in the GTA) with a massive 50% increase.

There was a total of 4,289 new home and condominium sales, 2,433 of which were new condominium sales (57%)

The year-to-date numbers for 2011 indicate a 12% increase from 2010, which sets the pace for the best year ever for new home sales.

Amazing!

Roy Bhandari