7 stats that show how Toronto’s new construction condo market is only getting hotter.

Original article via BuzzBuzzHome. Click here to read.

 While much of the GTA housing market has seen a significant cooling in the first two months of 2018, there is one prominent exception — new construction condos.The price of a new GTA condo jumped a whopping 39.5 per cent year-over-year last month, according to data from Altus Group, released today by the Building Industry and Land Development Association (BILD).

“Tight supply continues to drive pricing levels,” writes BILD president and CEO David Wilkes, in a statement. “This is especially true when it comes to the pricing of single family homes.”

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