By Altus Group | November 27, 2020

GTA new home sales update – October 2020

Despite slightly lower sales volumes than in past years during the fall season, new home sales in the GTA remained strong in October, and the market saw a significant number of new condominium apartment launches.

“When we look at the overall numbers so far in this very unusual year, it’s clear that the demand for the homes our industry builds is not going anywhere,” said David Wilkes, BILD President & CEO. “In spite of the challenges brought on by the pandemic, year-to-date new home sales in the GTA are up 11 per cent compared to the same period last year and two per cent above the 10-year average, demonstrating not only the resilience of the housing market in the GTA, but also the role that our sector will play in economic recovery.”

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

 

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