My Real Estate Blog - Market Trends, Tips & Updates
GTA high rise sales surging year-to-date
3/27/2017 | Posted in GTA Real Estate by Paul DeAdder | Back to Main Blog Page
Sales of new high rise homes in the Greater Toronto Area have surged in the first two months of this year.
Data from Altus Group shows that year-to-date sales of 5,113, up 67 per cent from a year earlier and 110 per cent above the 10-year average.
Low rise homes were down 23 per cent year-over-year to 2,269 sales in January and February, 4 per cent below the 10-year average.
Overall sales of 7,382 were 23 per cent above the first two months of 2016 and 54 per cent above the 10-year average.
