Canadian Apartment Magazine
Apartment transactions totaling $328 million contributed12 per cent to the overall first quarter dollar volume, with 37 properties trading in excess of $1 million.
For the first time since 2012, low-rise sales have outpaced high-rise sales in the GTA for the first two months of the year, according to the Building Industry and Land Development Association (BILD). Up nine per cent from last year, new high-rise sales reached 1,333 units in February while low-rise sales totaled 1,465 units, a 17 per cent year-over-year increase.
A report released by RealNet Canada Inc. (RealNet) and the Building Industry and Land Development Association (BILD) found that, in 2014, ten years after the Ontario government introduced its Greenbelt legislation and began promoting urban intensification, condominium completions hit record highs. Market analysts agree this is no coincidence.
As stated in a report from RealNet Canada Inc. (RealNet), new home sales across the GTA increased by a substantial 41 per cent, year-over-year, in 2014. With 39,736 transactions, the new home industry created thousands of jobs for Canadians while ensuring further job retention for years to come, says the Building Industry and Land Development Association (BILD).