So far in 2012, from January through May there have been 10,882 new condo units launched in projects across the GTA. For the same period in 2011 it was 10,855 units. Less than a 30 unit difference!
The changes come in the location of those units. The chart below illustrates a -31% drop in new units launched in the 416 Area and a +160% increase in new units launched in the 905 Area.
When looking at GTA, make sure you dig into the regional and submarket details using RealInfo when making your development decisions.