21 Dec GTA’s new home market slows as prices remain high in November.
Original article via Newswire. Click here to read.
New home sales in the GTA slowed slightly in November, with condo apartments continuing to drive the bulk of the sales and a record low number of new single-family home sales, the Building Industry and Land Development Association (BILD) announced today.
There were 3,473 new homes sold in November, according to Altus Group*, BILD’s official source for new-home market intelligence. About 91 per cent of these (3,161 units) were condominium apartments in low, medium and high-rise buildings, stacked townhouses and loft units. While condo apartment sales for November were down eight per cent from November 2016, they were still 28 per cent above the 10-year average of 2,465.