35% More Sales on Same Number of New Units

Continuing on with our look at the H1 2011 high rise sales in the GTA let’s compare the number of new units launched during the best H1 (2011) with the first half of the previous 11 years. If you were perhaps expecting much more new supply in H1 2011 than any other year then read on.

H1 2011 saw 12,259 units launched in 59 new project openings – actually slightly less than the 12,432 units launched in the 57 new project openings during the same time period of 2007 – the 2nd best year for first half high rise sales.

So, comparing H1 2011 to H1 2007, there were almost exactly the same number of projects launched, and new units released, yet sales in H1 2011 were 35% higher.

About Steven Hurst

VP Analytics, RealNet Canada
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