3 June 2019

“In April, the new condo market saw a strong activity both from builders and buyers,” – noted Patricia Arsenault, Altus Group’s Executive Vice President. “The number of units in new projects, and the sales, exceeded the April average of the previous 10 years significantly. Although it’s too soon to say the market is on the upswing, such strong April performance is good news”.

Meanwhile, we’ve seen a certain moderation of average prices growth in the sectors of single-family and condos from March.

The benchmark price of new single-family homes was up by only 0.3% to $1,119,772, while in case of new condominium apartments the number went up by 2.5% annually and reached $758,585.

“The previous two months showed stronger new home and condo sales in the GTA, following quite weak results of April 2018,” – said David Wilkes, BILD President & CEO. “The market seems to be rebounding as buyers are coming back”.