- Q2-2011 sets the new quarterly record in new condo sales: 9,455 new condos sold. The previous record high is 6,997 units set in Q2-2007. (+35%)
- 24,731 new condos were sold over the past 12 months. This beats Q4-2007 record of 22,654 units. (+9%)
- 39,196 condos,153 projects, are under construction in Toronto CMA in Q2-2011.
- Only 16% of 78,142 units of 306 active condo projects were unsold at the end of Q2. It is a record low.
- In Q2-2011. there were 44 new project launches introducing 9,182 units to the market.
- The new condo index price in Toronto CMA went from $529 psf in Q2-2010 to $552 psf in Q2. (+4.3%)
- The condo resale index price of Q2-2011 is $391 psf as opposed to $370 a year ago. (+5.7%)
boom.
ReplyDeleteHaha, typed in the last record quarter being in "Q2-2077". Corrected. Thanks Mr. I for letting us know.
ReplyDelete