Greater Toronto real estate has seen new home sales collapse, but prices have been sticky. That’s beginning to turn, according to February data provided by Altus Group. Falling sales and rising inventory are finally chipping away at prices. However, recent gains since 2020 remain significant despite doubling inventory and halving sales. Greater Toronto New Home […]
Greater Toronto’s new construction housing has seen demand completely vaporize. Data from BILD GTA and Altus Group show new construction sales fell 90% in September. Prices are now falling, especially for condos which saw a $30k drop in the month. The segment was mostly bought by investors which have disappeared, helping inventory recover. Toronto New […]
Toronto real estate is suddenly so cold zero new single-family homes sold in June, but inventory has yet to bounce.
Greater Toronto’s new housing market is slowing just as fast as existing-homes. Altus Group data shows new home sales fell sharply in May, while inventory levels have improved. New home inventory is still low compared to historical levels, but the drop in sales has been so sharp that it’s starting to erode price gains. Just […]
Greater Toronto new home prices are finally starting to cool. Data from Altus Group and BILD GTA shows new home prices fell in April. Fewer sales and more inventory definitely contributed to softer prices. However, inventory is still very tight compared to historic levels. More likely, the threat of rising rates deflated exuberance, driving prices […]
Greater Toronto new home sales ripped to a new high last month. BILD and Altus Group data shows new homes had the biggest January ever, with tight inventory. Despite the perfect conditions for higher home prices, they did the opposite. The cost of a typical single-family home fell by tens of thousands of dollars, while […]
Toronto’s new home market is finally starting to cool, but it’s got a long way to go. Altus Group and BILD GTA data show new home sales were firm in June. Weakness in the city, especially for condo apartments, weighed on price growth though. Annual price growth is starting to slow, with condos even seeing […]
Greater Toronto new home sales are weaker, helping to push inventory a little higher. Altus Group data shows new home sales were down in October. The drop in sales wasn’t due to weaker demand across the region though. It was exclusively due to the City, as buyers sought out suburban homes. Toronto Detached Prices Jump, […]
Greater Toronto new home buyers are holding back, especially when it comes to condo apartments. Altus Group data shows prices increased in June, with new condos hitting a all-time high. The price increase was driven by low demand though, as sales almost completely halted. Fewer than one in five new homes were sold last month, […]
Greater Toronto new home sales finally got the pandemic message last month. Altus Group data shows sales made a dramatic drop in April. The segment had bucked the slowing market in March, but is now finally responding. The result has been a mixed movement for prices. New Single-Family Prices Fall, While Condo Apartments Rise The […]
