top of page
Orgill_OBE-SUM24-Key Media-Digital Ad970x90 (May web)

Mar 27, 2023

February Greater Toronto Area New Home Market Quiet

The Greater Toronto, ON, new home market was quiet in February, with 922 sales registering a 76 per cent decrease over sales in February 2022, say the Building Industry and Land Development Association (BILD). This figure was 69 per cent below the 10-year average and the second lowest number of new homes sold in February since tracking began in 2000. Sales for single-family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), were down 65 per cent year over year; 81 per cent below the 10-year average. Sales for condominium apartments, including units in low-, medium-, and high-rise buildings, stacked townhouses, and loft units, were down 78 per cent year over year and 61 per cent below the 10-year average.

Sign up for our Daily News Alerts to receive relevant industry news, articles, and previews for our next issue of Home Improvement Retailing. Delivered directly to your inbox. Subscribe here.

bottom of page