Toronto Builder - Summer 2014 - (Page 35)

MARKETTRENDS ❵ REALNET GTA MARKET UPDATE G TA TOTAL NEW Home Sales in Q1 2014 totalled 8,928 units, which was up 60% from Q1 2013. The total new home sales figure was comprised of 4,962 High Rise sales (3rd highest of last 10; +68% from Q1 2013; +35% from 10 yr. avg.) and 3,966 Low Rise sales (3rd lowest; +51% from Q1 2013; -8% from 10 yr. avg.). Generally, a very good first quarter of 2014 for both High Rise and Low Rise new home sales as compared to last year. This year's Q1 sales performance is in line with an increase in new supply over Q1 2013. High Rise units in new openings were up 66% from Q1 2013 and Low Rise new lot supply (openings and lot releases) was up 81% from last year's first quarter. As at March 31, 2014 the RealNet New Home Price Index for low rise product types is $657,961, which is the 3rd consecutive monthly price increase. That's up 2.9% from 12 months earlier. The High Rise Price Index is now at $436,898 which is up 1.0% from from the same time last year. The gap between the two housing types now stands at a record of more than $221,000. That's still quite close to the in September 2013. ▼ widest gap of about $226,000 recorded Toronto Builder * Summer 2014 * 35

Table of Contents for the Digital Edition of Toronto Builder - Summer 2014

Chair’s Message
President’s Message
Building Industry Celebrates Quality and Excellence at Annual Awards Presentation
Lifetime Achievement Awards
34th Annual BILD Awards
BILD Acquires Full Ownership Stake in Toronto Home Shows
RealNet GTA Market Update
2014 Calendar of Events
Marketing Partners and Corporate Sponsors
New Members
Suppliers Guide
Index to Advertisers

Toronto Builder - Summer 2014