New-homes market continues to show strength

GREATER TORONTO, Aug. 21, 2014 /CNW/ - Sales of new homes and condominiums across the GTA continue to improve after a slow 2013, the Building Industry and Land Development Association (BILD) announced today.

According to RealNet Canada Inc., BILD's official source for new-home market intelligence, total new-home sales in July increased 41 per cent over July 2013. Year-to-date sales have also grown, up 52 per cent and sitting above the 10-year average.

"While high-rise sales continue to drive the market, the low-rise sector has shown considerable strength," said BILD president and CEO Bryan Tuckey. "Sales of ground-related homes have recorded the highest July since 2009 while year-to-date sales are nearly on par with the 10-year average."

According to the RealNet New Home Price Index, pricing in the low-rise sector grew six per cent to $685,413 while prices of high-rise homes increased two per cent to $441,144.

A statistical backgrounder is available for viewing. For additional information, contact Andrei Zaretski or Aonghus Kealy.

July '14	Low Rise			High Rise			Total
Region	2012	2013	2014	2012	2013	2014	2012	2013	2014
Durham	123	209	243	18	6	30	141	215	273
Halton	111	55	177	37	82	320	148	137	497
Peel	350	226	391	265	68	36	615	294	427
Toronto	42	26	79	848	877	843	890	903	922
York	205	299	336	187	88	272	392	387	608
GTA	831	815	1,226	1,355	1,121	1,501	2,186	1,936	2,727
Jan-July	9,911	6,849	10,894	12,100	8,693	12,655	22,011	15,542	23,549

Source: RealNet Canada Inc.

With more than 1,400 members, BILD, formed through the merger of the Greater Toronto Home Builders' Association and Urban Development Institute/Ontario, is the voice of the land development, home building and professional renovation industry in the Greater Toronto Area.  BILD is proudly affiliated with the Ontario and Canadian Home Builders' Associations.

SOURCE: Building Industry and Land Development Association

Aonghus Kealy
Manager, Communications 
416-391-3452 or 416-543-3903 
[email protected]

Andrei Zaretski
Manager, Marketing & Media Relations
416-391-3450 or 416-843-4898
[email protected]