21 July 2011
As a result, sales of new homes (of all housing types) rose by 53%.
Such results are quite impressive. BILD President Stephen Dupuis is amazed by them: “I believe the most astonishing thing is the fact that about two-thirds (65%) of all new home sales in the GTA in June, and 61% from January-June, were high-rise condominiums. It’s high above our 40% target”.
The prices didn’t stay unchanged either: low-rise price index showed a rise of 12.6 % ($61,531) year-over-year. In the same time, the high-rise price index was also up by 8.3%.