Record Year for GTA High Rise Sales

It’s now official, through 10 months this year there have been more high rise new home sales in the GTA than in any other year. And we still have 2 months to go.

So far in 2011, there have been 23,747 high rise sales, surpassing the previous record year of 21,365 recorded for the full year of 2007.

Here are the highlights from our October 2011 GTA new home sales figures:

October 2011 Sales:

High Rise: 2, 928 sales

Low Rise: 1,592 sales

For high rise that’s the 2nd best October ever, down 15% from last October (the best October ever). For low rise sales that’s a 17% increase over October 2010 and the 2nd best October of the last 5.

Individual project details are available in with your access to RealInfo at http://www.realnet.ca or through your TREB portal.

As for those year to date totals for new home sales:

Year to Date (Jan. to Oct.) 2011:

High Rise: 23,747 sales

Low Rise: 15,056 sales

Total: 38,803 sales

Stay tuned, more breakdown of the numbers to follow in the coming days.

About Steven Hurst

VP Analytics, RealNet Canada
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