A quick look at new home sales for February 2012. For details please log in at http://www.realnet.ca
Total NH Sales: 2,579 (-30% from Feb.2011)
High Rise NH Sales: 913 (-59% from Feb.2011)
Low Rise NH Sales: 1,666 (+16% from Feb.2011)
So compared to previous years, high rise sales are well behind the pace set in the first 2 months of the previous 2 years (2011 was record high rise sales year) but still ahead of the first 2 months of 2007 (2nd best high rise year).
Low Rise sales so far this year are the second best ytd of the last 5 years and only slightly behind the pace set in 2010.
Back with more numbers soon…. (enter your email to be notified).