By Altus Group | July 30, 2020

GTA new home sales update – June 2020

The GTA new home market began to see increased activity in June, following two months of historically slow sales due to the COVID-19 pandemic. New single-family homes accounted for 60% of the total new homes sold, and was the highest for June since 2016, though still 12% below the 10-year average.

Sales of new condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units, sat at 744 units – an increase compared to April and May, but still down 73% from June 2019 and 70% below the 10-year average.

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

 

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