RealNet Canada released new sales figures for February. And according to the tallies of the Building Industry and Land Development Association (BILD), sales of detached, semis and townhouses overtook condo sales for the first time in a long time.
February saw new home buyers purchase 1,078 low-rises. Despite that count being the second-lowest February in the last fourteen years, low-rises outperformed high-rises, which accounted for 952 purchases. Compared to February 2012, that’s a 7 per cent decline. Read more
The new home market numbers just released by RealNet Canada point to a drop in sales for both low-rise and high-rise homes — though prices have held steady.
Across the board, new home sales were down in January by 35 per cent compared to the same period in 2012, and overall slipped 46 per cent from the long term average.
This January, low rise sales dropped 52 per cent from the same time the year before and were down 64 per cent from the long term average. Read more
RealNet released their GTA new home market data for 2012 this morning at a press conference held in Woodbridge.
The total new homes sales number for both new low-rise and high-rise was 32,824, a decline of 29 per cent from 2011 and the second lowest level since 2000. There were 18,755 high-rise sales, the fourth highest number since 2000, but a 35 per cent decline from the record smashing 2011 level. Read more
An impressive $13 billion worth of commercial deals were done in the Greater Toronto Area in 2012, according to the stats released last week by the notorious number crunchers at RealNet Canada.
Both the amount of activity and the value of the deals were enough to break GTA commercial property records.
RealNet recorded 1,984 asset sales of more than $1 million in 2012 for retail, industrial, offices and other commercial properties.
Here are some other highlights from the RealNet report: Read more
There were 2,516 new homes sold across the GTA in November, according to data released today by BILD and its source for stats, RealNet.
Much like October’s new sales numbers, high-rise sales in November were comparatively strong while the low-rise market continued to post relatively low results. Read more
RealNet‘s always enlightening Informed Advantage blog published some excellent insights on the standing inventory numbers in GTA high-rises.
Standing inventory refers to the number of units available for sale in projects that have finished construction with units available for occupancy. According to RealNet’s data, ther were 1,147 units in this category in the GTA as of October 31, 2012.
There are 407 two bedroom units and 307 two bedroom + den units for sale in completed new construction high-rises. That’s 62 per cent of the current remaining inventory. Read more
New home sales in the GTA declined for a third consecutive month and new lending restrictions are to blame, says a new report released today by BILD and RealNet.
There were 2,792 new homes sold in October, making it the second-lowest October on record. With August and September also logging low numbers, the 29,322 new homes sold thus far in 2012 is 14 per cent below the long-term average.
“In an attempt to cool down the market, the federal government has severely affected the building and development industry in the GTA,” BILD President and CEO Bryan Tuckey said in a press release. “The introduction of stricter mortgage regulations has triggered a decline in new home sales, and if this trend continues, it will affect job creation in the coming years, restricting economic growth.”
Here are a few highlights from freshly released RealNet numbers: Read more
There were a total of 5,739 new homes sales in the GTA in Q3 2012, down 44 per cent from Q3 2011 and 15 per cent from Q3 2010.
The new home sales numbers, released by RealNet late last week, were the lowest Q3 numbers in the last 13 years. Considering the low sales numbers RealNet released for August and September, it’s not a surprise that the Q3 totals were in the doldrums. Read more
It was the lowest August on record for new home sales in the GTA, according to a report by the Building Industry and Land Development Association with data from RealNet Canada.
The report, released today, also noted that 1,242 homes sold in August 2012 represents the lowest monthly sales figure since 2009.
We decided to run these numbers against the totals from July 2012 and August 2011 and found that the drop in sales year-over-year and month-over-month is pretty astounding. Read more