September 2018 GTA New Home Sales Recap
There were 1,747 total new home sales in September 2018, with 253 Low Rise sales, down -28% from September 2017 (down -77% from 10yr avg) and 1,494 High Rise sales, down -22% from September 2017 (down -42% 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 September 2018, there were 243 active Low Rise sites in the Greater Toronto Area and the total unsold inventory was 5,132 lots. The total number of active High Rise sites was 299, with a total unsold inventory of 8,820 units.