Following January, February, and April of 2011, May makes it 4 out of 5 months in 2011 where we’ve said “that was the highest number of high rise sales we’ve ever recorded for this month”.
May 2011 saw 2,433 new high rise sales (condo apt, loft, stacked towns), which is the best sales total for May we’ve ever recorded. That’s 50% higher than May 2010.
Also, there were 1,856 new low rise sales (detached, semi, row town), which is up 24% from a year ago, for a total of 4,289 new home sales in the GTA in May 2011. Total new home sales were up 37% over last May.