Year over year unit sales have again surpassed last year’s numbers in Ontario for the 9th consecutive month. Driven by buyer’s confidence and short supply, Ontario was showing strong price gains to finish out 2019.
We areexpecting this confidence to continue into 2020. Ontario’s new listing again came in lower in December dropping 14% from December 2018. All areas are at or near record lows for active inventory.
Condo Rentals 2019 Record 30,727 Condo’s rented last year, 11% above 2018 Condo rents grew by 6.7%, slowest pace in 4 years Vacancy rate Purpose-Built 1.5%, Condo rentals 0.8% Construction of Purpose-Built rental units at 40 year high of 12,367 units Total purpose built under construction or proposed at 69,564, which is 4.5 times as many as 2005
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
