The average price of available new single-family ground-oriented homes in the GTA has now surpassed $1 million.
In the GTA new homes market, 2016 was a record setting year for low inventory, high prices and high-rise condo sales.
October saw a modest increase in supply and mix of new homes in the GTA, as well as a slight decrease in average prices.
Prices for all types of new homes in the GTA continue to set records while sales of new high-rise homes are on pace for an unprecedented year.
It’s no secret that the GTA needs more affordable housing and that creating it is a challenge.
Sales of new high-rise homes in the GTA are on pace for a record year.
Sales of new high-rise homes surged in May while low-rise inventory fell to a new record low.
April was another record-breaking month for the GTA’s new homes market. Low-rise inventory levels dropped to an all-time low while prices hit new highs.
The average price of new detached homes in the Greater Toronto Area has surpassed $1 million for the first time.
Sales and prices of new homes in the GTA in February are back on track after a slow January.