By Altus Group | October 30, 2020

GTA new home sales update – September 2020

September was another busy month for the GTA new home market. New single-family home sales, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), were up 168% from last September and 110% above the 10-year average. It was the strongest September for new single-family home sales since 2003.

Condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units were up 15% from September 2019 and 33% above the 10-year average.

“The level of market demand for new housing has remained strong, with year-to-date new home sales up from last year,” said Ryan Wyse, Altus Group’s Manager, Analytics, Data Solutions. “The single-family home market was very active in September, with particularly strong activity seen at newly launched detached and townhouse communities. To date this year, demand for new single-family homes has outpaced supply.”

Read more findings from our market data in BILD’s monthly new home market data release.

 

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