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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!

Saturday, July 27, 2019

Further improvement for GTA's new homes market

June brought a strong gain for the new homes market in the Greater Toronto Area according to the Building Industry and Land Development Association (BILD).

Its official data source, the Altus Group, reported 932 new single-family homes were sold, up 127% year-over-year but still 30% below the 10-year average.

For condos, there was a more modest 14% rise from June 2018, with the 2,420 units sold only 5% below the 10-year average.

“Sales of new condominium apartment units returned to a more sustainable, but still solid, pace in June, after exceptional performances in both April and May,” said Patricia Arsenault, Altus Group’s Executive Vice President, Data Solutions.

Prices diverged

Prices diverged with the benchmark for newly built condos up 3.9% to $804,591; while for single-family homes it declined 3% to $1,098,948.

And inventory was up slightly to 14,377 condo apartments and 4,685 single-family homes.

Year-to-date, new home sales are up 43% on the same period of 2018 with 17,127 sales.

“It is encouraging to see the pace of the new home market in the GTA so far this year,” said David Wilkes, BILD President & CEO. “We hope that with the policy changes introduced by the provincial government with Bill 108, and the recent steps taken by Toronto City Council to expand housing options in Toronto, we will see more transit-oriented housing built faster, at a price that will allow more potential home buyers to come in from the sidelines.”

MBN

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