The March and Q1 2013 new home market numbers for the GTA were released in a RealNet private client webinar this morning. The detailed market briefing delivered by George Carras (President, RealNet) with additional market presentations by TREB’s Jason Mercer, BILD’s Bryan Tuckey, and NBLC’s Barry Lyon will be posted inside the RealInfo application for download by clients.
In the meantime here are some of the highlights:
March 2013 New Home Sales:
High Rise: 1,120 sales; down -47% from March 2012
Low Rise: 973 sales; down -47% from March 2012
Total New Homes: 2,093 sales; down -47% from March 2012
Q1 2013 New Home Sales:
High Rise: 2,931 sales; down -24% from Q1 2012
Low Rise: 2,639 sales; down -43% from Q1 2012
Total New Homes: 5,570 sales; down -34% from Q1 2012
I’ll be back soon with new Supply and Remaining Inventory numbers. New Supply has dropped dramatically from Q1 2012 and remaining inventory (although still higher than the same time last year) has edged down from the recent highs of late last fall.