GTA High Rise – Standing Inventory

Here’s a chart we’ve seen before – GTA high rise remaining inventory by construction status. The data is as of October 31, 2012.

rem inv x const status

The green line above represents the number of units available for sale in projects that have finished construction with units available for occupancy. As at the end of October there were 1,147 units in this category.

Breaking down those 1,147 units by unit type yields the following chart.

standg inv x unit type

There are currently 407 2 bedroom units and 307 2 bedroom + den units available for sale in newly constructed high rise projects in the GTA. These two unit types account for 62% of current remaining inventory in completed projects. By contrast the 1 bedroom and 1 bedroom + den units account for only 20% of current remaining inventory in completed projects.

Here’s a look at the location of those completed projects that still have unsold units. Each circle is a project and the size of the circle represents the number of units (remaining inventory) still available for sale at the end of October.

completed projects with rem inv

And here’s a breakdown of those finished projects downtown with unsold units remaining.

completed projects with rem inv downtown

I’ll be back soon with a breakdown of the remaining inventory for the other two types of construction status we track – “Under Construction”, and “Pre-Construction”.

About Steven Hurst

VP Analytics, RealNet Canada
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