By Altus Group | June 25, 2020

GTA new home sales update – May 2020

At 866 new homes sold, it was the lowest May on record for total new home sales, since Altus Group started tracking new home developments in 2000. May’s total new home sales were down 81% from the same time last year, and 76% below the 10-year average.

Single-family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 438 new home sales, down 55% from last May and 68%  below the 10-year average. Sales of new condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units, at 428 units sold, were down 88% from May 2019 and 80% 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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