It is always exciting to read BILD’s posting of the Altus Group statistics. The numbers for October show that condo sales in the GTA accounted for 3,424 out of the total 4,720 new home sales. The result was 13 per cent above the 10-year average.
In addition, the benchmark price of new condominiums was up to $833,827, which is 7.5 per cent over the last 12 months. As I always say, condominiums are a great lifestyle and financial investment for both end-users and investors.
I also agree with BILD President and CEO David Wilkes, who applauds the provincial government’s commitment to achieving long-term balance in the housing market. He, I and many other new home professionals have been saying that the process to bringing new homes to market should be faster and easier in order to fill the demand and be fair to everyone involved. To read the entire press release about the statistics, visit https://bit.ly/2qBtlZ7