GTA condo sales are continuing to show strength after a sluggish 2013, according to the Building Industry and Land Development Association (BILD). RealNet Canada, BILD’s source for new-home market intelligence, reported that July’s total new-home sales represented a 41-per-cent increase over the same month last year.

Both the high-rise and low-rise sectors are showing increases in 2014, with year-to-date sales sitting above the 10-year average.

“While high-rise sales continue to drive the market, the low-rise sector has shown considerable strength,” says Bryan Tuckey, president and CEO, BILD. “Sales of ground-related homes have recorded the highest July since 2009 while year-to-date sales are nearly on par with the 10-year average.”

Prices of high-rise homes have increased by two per cent over July 2013, to $441,144.