By Altus Group | January 29, 2021

GTA new home sales update – December 2020

In 2020, the GTA new home market outperformed the sales total of the previous year.  Overall, there were 37,669 new homes sold in the GTA; this was up 5% compared to 2019 and 2% above the 10-year average.

“Looking back at 2020, the resilience of the GTA new home market was very evident, highlighting the underlying demand for housing in the face of economic uncertainty,” said Ryan Wyse, Altus Group’s Manager, Analytics, Data Solutions. “Given the significant changes brought on by the pandemic, the industry and consumers were able to adapt quickly, and the result was an overall increase in sales compared to 2019, with a particular focus on single-family options.”

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

 

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