New-home sales in the GTA remain strong as April figures show continuous improvement over 2013, the Building Industry and Land Development Association (BILD) has announced.
According to RealNet Canada Inc., BILD’s official source for new-home market intelligence, the GTA saw 3,243 new-home and condominium transactions in April – a 17-per-cent increase over April 2013.
Total year-to-date sales increased 46 per cent from 2013.
Sales of detached, semis and townhomes were up 83 per cent and sit just below the 10-year average. High-rise sales were down 19 per cent from 2013, due largely in part to limited new project launches in April.
“Our industry continues to build quality, complete communities that people can afford to purchase,” said BILD President and CEO Bryan Tuckey. “Year-to-date sales are well above the 10-year average, which means GTA residents continue to view the high-rise market as an affordable path to homeownership.”
According to the RealNet New Home Price Index, the average price of a low-rise home increased six per cent to $667,667 while the average price of a high-rise home grew one per cent to $437,366.
A statistical backgrounder is available for viewing. For additional information, contact Andrei Zaretski or Aonghus Kealy.