BILD Announces New Home Sales Statistics
By on Mar 23, 2011
According to RealNet Canada Inc. – BILD's official source of new market intelligence – 2,202 units was the highest condo sales figure ever recorded for February, marking a 36% increase against February of 2010. The previous benchmark was set in February of 2002, when 1,774 new condos were sold.
"The relative un-affordability of low-rise product has caused a huge market shift towards high-rise condominiums. This is fine to a point, only if steps are being taken to create a more balanced market over the mid- to long-term," stated BILD President and CEO Stephen Dupuis.
The Building Industry and Land Development Association (BILD) is the voice of the residential land development, home building and professional renovation industry in the Greater Toronto Area.