There were 940 total new home sales in December 2018, with 136 Low Rise sales, down -5% from December 2017 (down -78% from 10yr avg) and 804 High Rise sales, down -1% from December 2017 (down -33% from 10yr avg).
The New Home Benchmark Price tracks the average Low and High Rise home or unit price in the Greater Toronto Area for a particular month and compares it to the previous month in the same year and to the same month in the previous year.
As of December 2018, there were 262 active Low Rise sites in the Greater Toronto Area and the total unsold inventory was 5,081 lots. The total number of active High Rise sites was 323, with a total unsold inventory of 10,687 units.
Source : Altus Group
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
