GTA New Home Sales – November 2012

Here are the November 2012 numbers for new home sales:

High Rise: 1,556 sales; down -60% from Nov. 2011; down -7.4% from long term average

Low Rise: 960 sales; down -38% from Nov. 2011; down -50% from long term average

Total New Homes: 2,516 sales; down -53% from Nov 2011; down -30% from long term average

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And the Year to Date (Jan. through Nov.) numbers are as follows:

High Rise: 18,103 sales; down -35% from YTD 2011; down -9.5% from YTD 2010; up +15% from long term average

Low Rise: 13,663 sales; down -18% from YTD 2011; down -11.6% from YTD 2010; down -38% from long term average

Total New Homes: 31,766 sales; down -28% from YTD 2011; down -10.4% from YTD 2010; down -16% from long term average

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Back soon with more numbers since this is really the unofficial year end (December usually doesn’t add much drama) of the new home sales year and we want to make sure you have enough facts and perspective to inform and entertain family and friends over the holidays (everybody loves housing charts).

About Steven Hurst

VP Analytics, RealNet Canada
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