March 22, 2010
February Sales Hit New Highs
Did you know sales of new houses and condominiums in the Greater Toronto Area were up by more than 237% in February compared with last year?
“The new home market continues to benefit from the tight conditions in the resale market, 50-year low interest rates and healthy levels of consumer confidence in real estate,” said the Toronto-based Building, Industry, & Land Development Association.
Compared with 2008, February sales were up 24%, and up 19% compared with 2007. February sales were virtually split between detached or town homes (51%) and condominiums (49%).
Statistics from RealNet Canada and The Toronto Star
