New single-family home sales continue to pick up in March

Wednesday May 15th, 2019

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New single-family home sales continue to pick up in March  Toronto, April 25, 2019 – The GTA new home market continued to show some encouraging signs in March, the Building Industry and Land Development Association (BILD) announced today.  Total new home sales, with 2,314 new homes sold, were up 20 per cent from last year, though still 36 per cent below the 10-year average, according to Altus Group*, BILD’s official source for new home market... [read more]

New single-family home sales in the GTA pick up in February

Wednesday May 15th, 2019

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Toronto, March 26, 2019 – In February, the GTA new home market saw the highest number of single-family homes sold since April 2017, the Building Industry and Land Development Association (BILD) announced today.   There were 639 new single-family homes sold in February, including detached, linked and semi-detached houses and townhouses, according to Altus Group*, BILD’s official source for new home market intelligence. This was up 147 per cent from last... [read more]

2018 GTA new home sales drop to lowest mark in nearly 20 years

Wednesday May 15th, 2019

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2018 GTA new home sales drop to lowest mark in nearly 20 years Toronto, Feb. 1, 2019 – In 2018, the GTA new home market saw the lowest total sales in almost 20 years, the Building Industry and Land Development Association (BILD) announced today. Overall in 2018, there were 25,161 new homes sold in the GTA, according to Altus Group*, BILD’s official source for new home market intelligence, making 2018 the year with the lowest number of new home sales... [read more]

New home market off to an encouraging start in January

Wednesday May 15th, 2019

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Toronto, Feb. 26, 2019 – In January, sales of new homes in the Greater Toronto Area showed a moderate increase from last year, the Building Industry and Land Development Association (BILD) announced today.   A total of 1,362 new homes were sold in January 2019, which was 14 per cent more than the number sold in January of last year, according to Altus Group*, BILD’s official source for new home market intelligence.   January’s sales... [read more]

Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit

Thursday Jan 17th, 2019

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Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit Biggest bank cuts benchmark rate by 15 basis points Pete Evans · CBC News · Posted: Jan 17, 2019 9:13 AM ET | Last Updated: 27 minutes ago   Fixed rate mortgages are priced based on what's happening in the bond market, which has been telegraphing for weeks now that a cut is warranted. (Daniel Munoz/Reuters)   Canada's biggest bank has cut... [read more]

New home market back to typical levels in November

Thursday Jan 17th, 2019

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Greater Toronto, Dec. 20, 2018 – In November, the GTA new home market saw more typical activity levels—both in new home sales and new project openings—after a relatively strong October, the Building Industry and Land Development Association (BILD) announced today.   There were 2,823 new homes sold in November, according to Altus Group*, BILD’s official source for new-home market intelligence. Condominium apartments in low, medium and high-rise... [read more]

New home market continues to gain momentum in October

Thursday Jan 17th, 2019

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Greater Toronto, Nov. 27, 2018 – In October, the GTA new home market saw a relatively active month for new condominium apartment and single-family home sales and openings, the Building Industry and Land Development Association (BILD) announced today. There were 2,805 condominium apartments in low, medium and high-rise buildings, stacked townhouses and loft units sold in October, down 44 per cent from October 2017 but only 1 per cent less than the ten-year average, according to... [read more]

TREB RELEASES MONTHLY MARKET FIGURES AS REPORTED BY GTA REALTORS®

Wednesday Jan 9th, 2019

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TORONTO, January 4, 2019 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB's MLS® System in 2018.  This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017.  Total new listings entered into TREB's MLS® System were down by 12.7 per cent over the same period to 155,823. The overall average selling price for 2018... [read more]

GTA new home market shows improvement in September

Friday Nov 16th, 2018

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Greater Toronto, Oct. 24, 2018 – The GTA new home market saw increases in September over the previous month, both in terms of new project openings and in terms of new home sales, particularly sales of condominium apartments, the Building Industry and Land Development Association (BILD) announced today. There were 1,747 new homes sold in September, according to Altus Group*, BILD’s official source for new-home market intelligence—a sizeable increase over... [read more]

New home market quiet in August

Friday Nov 16th, 2018

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Greater Toronto, Sept. 26, 2018 – It was a quiet month for the GTA new home market in August, as buyers waited on the sidelines, the Building Industry and Land Development Association (BILD) reported today. There were 974 total new home sales in August, according to Altus Group*, BILD’s official source for new home market intelligence. Single-family home sales, with 171 detached, linked and semi-detached houses and townhouses (excluding stacked townhouses) sold, were up... [read more]

New home market sees steady prices, slower sales in July

Friday Nov 16th, 2018

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Greater Toronto, Aug. 22, 2018 – Sales of new homes in the GTA slowed down in July while prices held steady, the Building Industry and Land Development Association (BILD) announced today. Total July new home sales of 1,071 units were down 44 per cent from last July and down 55 per cent from the 10-year average, according to Altus Group*, BILD’s official source for new home market intelligence. Sales of new condominium apartments in low, medium and high-rise... [read more]

New home market continues to focus on condos, despite rising prices

Friday Nov 16th, 2018

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New home market continues to focus on condos, despite rising prices Greater Toronto, July 26, 2018 – In June, new condominium apartment sales in the GTA continued to outpace new single-family home sales, despite another rise in the benchmark price of condo apartments and a slight softening in the prices of single-family homes, the Building Industry and Land Development Association (BILD) announced today. Condominium apartments in low, medium and high-rise... [read more]

New home market buoyed by stronger condo apartment sales in May

Wednesday Jun 27th, 2018

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Greater Toronto, June 21, 2018 – In May, the new home market in the GTA saw another increase in the prices of condominium apartments with sales of condos hovering around the 10-year average and remaining condo apartment inventory dropping, the Building Industry and Land Development Association (BILD) announced today. The benchmark price for new condominium apartments in low, medium and high-rise buildings, stacked townhouses and loft units rose to $758,370, which was 25.4 per cent... [read more]

New home market sees short-term relief in April but fundamental challenges remain

Wednesday Jun 27th, 2018

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Greater Toronto, May 23, 2018 – In April the new home market in the GTA saw lower sales and an increase in remaining inventory, as well as a decrease in prices, the Building Industry and Land Development Association (BILD) announced today. There were 1,727 total new home sales in April, according to Altus Group, BILD’s official source for new home market intelligence. It was the lowest number of sales for April in over 20 years. Single-family home sales, with 502 detached, linked... [read more]

New home market quiet in March as buyers exercise caution, inventory shrinks

Wednesday Jun 27th, 2018

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Greater Toronto, April 24, 2018 - March was a quiet month in the new home market in the GTA, with sales down relative to both last March and the 10-year average, the Building Industry and Land Development Association (BILD) announced today.  There were 1,960 total new home sales in March, according to Altus Group, BILD’s official source for new home market intelligence, including 1,649 condominium apartments sold in low, medium and high-rise buildings, stacked townhouses and... [read more]

New home market sees higher condo prices, low supply of single-family homes in February

Tuesday Apr 10th, 2018

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Greater Toronto, March 22, 2018 – In February, the prices of new homes in the GTA showed few signs of abating, the Building Industry and Land Development Association (BILD) announced today. The benchmark price for condominium apartments in low, medium and high-rise buildings, stacked townhouses and loft units rose again in February, to $729,735, which was 39.5 per cent above last February, according to Altus Group*, BILD’s official source for new-home market... [read more]

January's GTA new home market continues recent trends

Friday Mar 2nd, 2018

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Greater Toronto, Feb. 22, 2018 – In January, sales of new single-family homes in the GTA hit their lowest level for January since before 2000, the Building Industry and Land Development Association (BILD) announced today. Single-family homes, including detached, link and semi-detached houses and townhouses (excluding stacked townhouses) represented only 365 units out of the 1,251 new homes sold in January, according to Altus Group*, BILD’s official source for new-home... [read more]

GTA New Home Market Saw Strong Sales, Declining Inventory In 2017

Friday Feb 2nd, 2018

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  Greater Toronto, January 26, 2018 – In the GTA new home market, 2017 was a year of declining inventory, high prices and strong sales, setting a record high in new condo apartment sales and a record low in single-family home sales, the Building Industry and Land Development Association (BILD) announced today. Overall in 2017, there were 44,143 new homes sold in the GTA, according to Altus Group*, BILD’s official source for new home market... [read more]

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416-806-9225

ROMEO CHADLEY CRISOSTOMO

REAL ESTATE GROUP

Romeo@rccrealestategroup.com

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