Greater Toronto, June, 2012 - New home sales in the GTA remained on par with the historic average, despite a modest decline from last year's record-breaking figures, the Building Industry and Land Development Association (BILD) announced today.
While new home sales in May were in line with sales seen over the last five years, they could not match the success of May 2011, which still stands as one of the best on record.
According to RealNet Canada Inc., BILD's official source of new home market intelligence, total new home sales in May decreased by 27 per cent over May 2011 while modestly outdoing its 2010 predecessor.
"As we've observed over the last few months, the residential construction market is now back to a regular, steady pace," said BILD President and CEO Bryan Tuckey, adding that it's important to view the long-term average before jumping to conclusions based on 2011 comparisons. "Looking back at sales over the last five years, we see that the market is once again where it should be."
High-rise sales in Durham and York Regions continued to grow, while total high-rise sales declined by 35-per-cent from May 2011.
Low-rise sales saw a decrease of 15 per cent across the GTA with year-to-date totals matching those of last year.
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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