Toronto Builder - Winter 2017 - 25
sizes are also playing some role in increasing
average prices for available units.
Part of the increase in average unit size is
due to the shift in recent years to relatively
more two-bedroom and three-bedroom
units. In projects opened thus far in 2017,
about half of units have been two- and
three-bedroom units; this compares to
about one-third in the earlier part of the
ABOUT THE AUTHOR
Phong Ngo is the Director of New Homes
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Research for the Data Solutions Canada team
at Altus Group. He joined REALNET® Canada
(acquired by Altus Group) 16 years ago and
has been actively involved in the research and
Executive Vice President
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the Greater Toronto Area, Greater Golden
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Horseshoe, Calgary, Edmonton and Vancouver
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analysis of new home developments across
Market Areas. Today, Phong leads a dynamic
team of new home market experts across the
& LAND PURCHASE.
Town Home Projects
country who share a common vision of providing the industry's best market information.
09/11/17 2:59 am
2017-11-07 3:33 PM
22/07/14 4:12 AM