April 2013 new home sales in the GTA are as follows:

High Rise: 1,856 sales; down -43% from April 2012

Low Rise: 987 sales; down -45% from April 2012

Total New Homes: 2,843 sales; down -44% from April 2012

Pleas …   Continue Reading.

Some other details from our March 2013 GTA New Home data release earlier this week.

Year to date (Jan. to Mar.) 2013 new home sales are down significantly from the same period last year. So far this year High Rise new home sales are down -24% and Low Rise new home sales are down -43% fro …   Continue Reading.

The March and Q1 2013 new home market numbers for the GTA were released in a REALNET® private client webinar this morning. The detailed market briefing delivered by George Carras (President, REALNET®) with additional market presentations by TREB’s Jason Mercer, BILD’s …   Continue Reading.

Here’s a look at our year to date (Jan. thru Feb.) sales in 2013 as compared to the same period in previous years.

High Rise: 1,734 sales; down -2% from YTD 2012

Low Rise: 1,660 sales; down -40% from YTD 2012
…   Continue Reading.

Here are the monthly sales figures for the GTA new home market for February 2013….

High Rise: 952 sales; down -7% from Feb. 2012

Low Rise: 1,078 sales; down -32% from Feb. 2012

Total New Homes: 2,030 sales; down -22% from Feb. 20 …   Continue Reading.

We’ll have the GTA New Home sales figures for February 2013 here on Tuesday…. …   Continue Reading.

Here are the numbers for January 2013 new home sales in the GTA.

High Rise: 686 sales; down -8% from Jan. 2012

Low Rise: 562 sales; down -52% from Jan. 2012

Total New Homes: 1,248 sales; down -35% from Jan. 2012
…   Continue Reading.

So based on Total Units we showed an increasing number of larger condo projects being launched but also a decreasing average size – ie lots of smaller building too.

Now what about building height? Lots of new skyscrapers out there but lets get some perspective by looking at all of the …   Continue Reading.

We’ve often shown data related to the shrinking size of condo units over the last couple of years but we have not looked at what’s happening with overall condo building size.

I think, based on anecdotal evidence around us, we’ve assumed that building sizes were getting bigger over …   Continue Reading.

Here are the yearly new home sales figures in the GTA for 2012.

High Rise: 18,755 sales; down -35% from 2011; down -10% from 2010

Low Rise: 14,069 sales; down -20% from 2011; down -14% from 2010

Total New Homes: 32,824 sales; down …   Continue Reading.

Here are the RealNet results for December 2012 new home sales in the GTA. I’ll follow shortly with our 2012 year end numbers.

High Rise: 501 sales; down -54% from Dec. 2011

Low Rise: 403 sales; down -50% from Dec. 2011
…   Continue Reading.

I spend my days preparing a multitude of charts and graphs which present the GTA new home market in a wide variety of ways. As I’m curious about these things, I attempt to discern meaning from each chart and what it might indicate regarding the future performance of the new home market.
…   Continue Reading.

Here are the November 2012 numbers for new home sales:

High Rise: 1,556 sales; down -60% from Nov. 2011; down -7.4% from long term average

Low Rise: 960 sales; down -38% from Nov. 2011; down -50% from long term average
…   Continue Reading.

I thought I’d add a quick look at the current average asking prices of available high rise units in completed projects and I’m comparing those prices to the original price of each project at the time it opened for sales.

On the charts below, each circle represents one completed proje …   Continue Reading.

Here’s a chart we’ve seen before – GTA high rise remaining inventory by construction status. The data is as of October 31, 2012. …   Continue Reading.

There has been a lot of discussion in the media about the Bank of Canada’s recent Financial System Review, particularly the section pertaining to the Toronto condo market. I’d like to confirm that the Bank of Canada is a client of RealNet Canada and our data, as at October 31, 2012, was …   Continue Reading.

Here are the October numbers:

High Rise: 1,914 sales; down -38% from Oct. 2011; +5% above long term average

Low Rise: 878 sales; down -46% from Oct. 2011; -56% below long term average

Total New Homes: 2,792 sales; down -41% from Oc …   Continue Reading.

And I don’t mean the specific number of Starts, but the indicator in general.

In the GTA we have gone from a new homes market comprised primarily of Low Rise product types (detached, semi-detached, row townhouse) to one that now sees a majority of new home sales comprised of the High R …   Continue Reading.

57,760 high rise units under construction in the GTA at the end of September 2012. These are 88% sold and scheduled to be completed over the next 4 years (incl. the rest of this year).

31,763 high rise units in pre-construction projects in the GTA at the end of September 2012. These are …   Continue Reading.

Here are the rest of the GTA new home numbers that are available now that we have our September monthly numbers.

Q3 2012

High Rise: 3,165 sales; down -50% from Q3 2011; down -20% from  Q3 2010

Low Rise: 2,574 sales; down -35% from …   Continue Reading.

The numbers for September 2012…..

High Rise: 987 sales; down -64% from Sep. 2011

Low Rise: 1,083 sales; down -11% from Sep. 2011
…   Continue Reading.

We’re crunching the numbers for release at our private RealNet Client Event on Monday (Oct. 22) where we will release September and Q3 New Home Results and Q3 GTA Commercial Property Market results. …   Continue Reading.

Total high rise units under construction in the GTA has spiked to about 59,000 units as of the end of August 2012.
…   Continue Reading.

Here’s a slightly different look at new home sales in the GTA. Comparing the historical sales figures over the previous 13 summers. By summer we are referring to the combined months of July and August. …   Continue Reading.

I’ve been playing around with the soon to be released (October 1) enhanced mapping upgrade on our RealInfo subscription information service. It’s fantastic!

For example here is a screenshot of a map showing the high level view of the 77 new high rise project openings so far this year …   Continue Reading.

More numbers to follow but here are the August 2012 New Home sales numbers:

High Rise: 645 sales; lowest August of the last 13 years

Low Rise: 597 sales; lowest August of the last 13 years

Total New Homes: 1,242 sales; lowest Augus …   Continue Reading.

Year-to-Date (YTD) New Home sales as at August 31, 2012 are as follows:

High Rise: 13,591 sales; that’s down -25% from 2011 but up from 2010 and the 3rd highest sales we’ve ever recorded through the first 8 months of the year
…   Continue Reading.

Here’s a quick look at a price comparison of 3 primary product types across five active 905 municipalities.
…   Continue Reading.

A few posts ago I took a look at the GTA Condo Pipeline based on project opening dates, percentage sold, and current construction status. In other words, the “inputs” of the pipeline.

Now let’s look at the “outputs” of the pipeline – occupancies – or more precisely, project …   Continue Reading.

Here’s the RealNet GTA new home sales figures for July 2012:

High Rise: 1,415 sales; down -12.4% from July 2011

Low Rise: 851 sales; down -29.0% from July 2011

Total New Homes: 2,266 sales; down -19.5% from July 2011

RealInfo …   Continue Reading.

Here’s the year-to-date numbers as at July 31, 2012:

High Rise: 12,906 sales; down -20% from 2011; up +33% from long term average

Low Rise: 10,102 sales; down -7% from 2011; down -31% from long term average
…   Continue Reading.

We’re always trying to provide perspective with our data deliveries here at RealNet so here’s a different overview of the GTA condo market.
…   Continue Reading.

Since there has been a lot of attention on new home remaining inventory, I thought I’d add some data and perspective to the conversation.
…   Continue Reading.

Now for the year to date new home sales for the first half (H1) of 2012.

High Rise: 11,492 sales (down -21% from H1 2011)

Low Rise: 9,293 sales (down -4% from H1 2011)

Total: 20,785 sales (down -14% from H1 2011)

The historical …   Continue Reading.

Here’s the quick look at June 2012 numbers. Q2 and H1 2012 numbers will follow…

High Rise Sales: 2,373 sales (down -21% from June 2011)

Low Rise Sales: 1,088 sales (down -37% from June 2011)

Total Sales: 3,461 sales (down -27% …   Continue Reading.

Ok, now for the Q2 2012 new home sales totals:

High Rise: 7,500 sales (down -17% from Q2 2011) but the 2nd highest Q2 ever and 51% above the Q2 long term average

Low Rise: 4,645 sales (down – 16% from Q2 2011) and 30% below the Q2 long term average
…   Continue Reading.

So far in 2012, from January through May there have been 10,882 new condo units launched in projects across the GTA. For the same period in 2011 it was 10,855 units. Less than a 30 unit difference!

The changes come in the location of those units. The chart below illustrates a -31% drop i …   Continue Reading.

Here’s the quick overview of GTA new home sales for May 2012.

High Rise: 1,733 sales for the 3rd highest May of the last 13 but 36% below May 2011 and 7% higher than sales in May 2010

Low Rise: 1,590 sales for the 3rd lowest May of the last 13. That …   Continue Reading.

So we’re now 5 months of data into 2012 and here’s our year-to-date numbers for new home sales in the GTA:

High Rise: 8,924 new high rise sales so far this year. That’s the 2nd best sales total for the first 5 months of a year in the last 13. But that’s down -22% …   Continue Reading.

So it’s not the best name but the “Not Applicable” submarket encompasses all those areas that are not contained in one of our defined submarkets – like “Downtown Core” or “Mississauga City Centre”. …   Continue Reading.

Market Knowledge, Data, & You

Why do you need “market knowledge”? Well, market knowledge helps you make better decisions. And why do you want to make better decisions? Well, because any land development and home building project is just a long line (a seemingly e …   Continue Reading.

Here’s a chart on the average high rise unit size (sf) of current (April 30, 2012) available inventory by submarket area.

The overall average of all remaining inventory was 836 sf. The numbers above each bar refer to the number of active (not sold out) high rise projects in each submar …   Continue Reading.

Looking at year to date new home sales numbers for the GTA we find the first third of the year compares quite well with historical sales figures for total new home sales.

High rise sales saw their second highest total for the first 4 months of the year with 7,047 new units sold, down -20 …   Continue Reading.

Here’s a quick look at April 2012 new homes sales in the GTA.

High Rise: 3,121 sales (2nd highest April sales in 13 years)

Low Rise: 1,698 sales

Total New Homes: 4,819 sales (3rd highest April sales in last 13 years)
…   Continue Reading.

Thought we’d take a look all the new high rise condo project openings since 2000 and see the mix of units coming to market each year. The data is as of March 31, 2012 so 2012 only shows Q1 data.

The first chart looks at the number of units launched each year by unit type and the second …   Continue Reading.

…   Continue Reading.

We’re getting ready for the Land & Development Conference next week.

Here’s what we start with:
…   Continue Reading.

And now here is a look back at the new home sales for the month of March from 2000 through 2012.

Similar story as the Q1 2012 sales totals – high rise sales in March 2012 (1,959) were the 3rd highest March of the last 13 years. Low rise sales in March 2012 (1,666) only surpassed March …   Continue Reading.

Here’s the quick summary of the GTA new home market. More to follow:
…   Continue Reading.

Looking at the first quarter new home sales activity back to 2000 we see the current quarter (Q1 2012) coming in below the long term average for Low Rise sales and above the long term average for High Rise sales.

The Low Rise sales total for Q1 2012 was however, the 2nd best first quarte …   Continue Reading.