COVID-19 pours cold water on GTA new home sales in April

Home / Data / Insights / COVID-19 pours cold water on GTA new home sales in April

By Altus Group | May 27, 2020

GTA new home sales update – April 2020

Both builders and potential buyers in the Greater Toronto Area stepped back in April from the heated activity of the first quarter. There were less than 800 total GTA new home sales, down 80% from a year earlier – the lowest April since Altus Group started tracking the market in 2000.

Most planned new project launches were put on hold, sales programs for existing projects moved to virtual or by-appointment-only models, and short-term home-buying plans were disrupted by employment uncertainty as well as the challenges of stay-at-home routines.

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

 
 
 
 

 

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