There were 2,823 total new home sales in November 2018, with 369 Low Rise sales, even with November 2017 (down -71% from 10yr avg) and 2,454 High Rise sales, down -24% from November 2017 (down -6% 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 November 2018, there were 263 active Low Rise sites in the Greater Toronto Area and the total unsold inventory was 5,543 lots. The total number of active High Rise sites was 330, with a total unsold inventory of 11,254 units.
source: Altus Group
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
