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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!

Thursday, August 3, 2017

GTA new condo sales set another quarterly record

For the second consecutive quarter, new condo apartment sales in the Greater Toronto Area have reached a new high.

Urbanation reports that 12,138 units were sold in the second quarter of 2017, a rise of 62% and the highest volume on record for the second quarter. The 12-month sales of 35,954 is 36% higher than the previous 12-month peak of 26,421 set in the first quarter of 2012.

“While the current pace of new condo sales shows a remarkable level of confidence in the GTA housing market, activity has reached an unsustainable level for the near-term. Market fundamentals, however, still appear supportive of prices” said Shaun Hildebrand, Urbanation’s Senior Vice President.

Despite a record breaking 11,849 of new units in Q2 2017, demand continued to outstrip supply leading to 80% pre-sold by the end of June. The inventory level was at a 15-year low of 6,794 units, 2.3 months of supply.

The average price for all sold units in active development was $647 psf, growing 10% year-over-year and returning to double-digit growth for the first time since Q1-2012.

MBN

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