GTA New Home Sales – YTD 2012 Update

So we’re now 5 months of data into 2012 and here’s our year-to-date numbers for new home sales in the GTA:

High Rise: 8,924 new high rise sales so far this year. That’s the 2nd best sales total for the first 5 months of a year in the last 13. But that’s down -22% from YTD2011 and up about +2% from the same period in 2010.

Low Rise: 8,040 new low rise sales in the first 5 months of 2012. That’s up +2% from the same period in 2011, but down -3% from YTD2010.

Total New Home Sales: 16,964 new homes sales during the first 5 months of 2012. That’s down -2% from the long term average sales pace for the period from January through May 0f 17,293 sales.

RealInfo subscribers please log in to download the May Monthly Market Reports for both high rise and low rise project types. also, all detail project records have been updated for your analyses and decision making inputs. Please contact me with any questions.

About Steven Hurst

VP Analytics, RealNet Canada
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