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Here’s the May 2013 blog post. More to come soon.
Some other details from our March 2013 GTA New Home data release earlier this week.
Year to date (Jan. to Mar.) 2013 new home sales are down significantly from the same period last year. So far this year High Rise new home sales are down -24% and Low Rise new home sales are down -43% from the first 3 months of 2012. An interesting point however is the dip in new Supply so far this year. New High rise projects openings (total units) are down -64% from the same period last year and new Low Rise supply (total lots released) is down -53% from the same period in 2012. This had new home remaining inventory dropping slightly from February 2013 to March 2013. However, March 2013 available inventory is still +8% higher than last year for High Rise units and 15% higher for Low Rise homes.
Below is an extract from our Monthly Market Report – March 2013 to which all RealInfo subscription clients have access.
The March and Q1 2013 new home market numbers for the GTA were released in a RealNet private client webinar this morning. The detailed market briefing delivered by George Carras (President, RealNet) with additional market presentations by TREB’s Jason Mercer, BILD’s Bryan Tuckey, and NBLC’s Barry Lyon will be posted inside the RealInfo application for download by clients.
In the meantime here are some of the highlights:
March 2013 New Home Sales:
High Rise: 1,120 sales; down -47% from March 2012
Low Rise: 973 sales; down -47% from March 2012
Total New Homes: 2,093 sales; down -47% from March 2012
Q1 2013 New Home Sales:
High Rise: 2,931 sales; down -24% from Q1 2012
Low Rise: 2,639 sales; down -43% from Q1 2012
Total New Homes: 5,570 sales; down -34% from Q1 2012
I’ll be back soon with new Supply and Remaining Inventory numbers. New Supply has dropped dramatically from Q1 2012 and remaining inventory (although still higher than the same time last year) has edged down from the recent highs of late last fall.
Here’s a look at our year to date (Jan. thru Feb.) sales in 2013 as compared to the same period in previous years.
High Rise: 1,734 sales; down -2% from YTD 2012
Low Rise: 1,660 sales; down -40% from YTD 2012
Total New Homes: 3,390 sales; down -25% from YTD 2012
Here are the monthly sales figures for the GTA new home market for February 2013….
High Rise: 952 sales; down -7% from Feb. 2012
Low Rise: 1,078 sales; down -32% from Feb. 2012
Total New Homes: 2,030 sales; down -22% from Feb. 2012
Back soon with the updated Year to Date totals…..
For subscribers to RealInfo, your full Monthly Market Reports (High Rise, Low Rise) are available on the Market Reports page after logging in to the service at http://www.realnet.ca
We’ll have the GTA New Home sales figures for February 2013 here on Tuesday….