Mike in TO
Senior Member
All sorts of records for condo sales were broken last quarter:
Other interesting stats:
- New Sales (6,997) - previous record was 5,809 set in Q2-2005 and 5,013 in Q3 1986
- Resales (4,615) - previous record was 3,770 Q2-2005
- New Project Openings (36)
- New Condo Units
Other interesting stats:
- ratio of sales to unsold units at 61.9% - highest level in almost 20 years
- average resale price increased from $261,000 in Q2-2006 to $276,000 in Q2-2007
- GTA is on pace to break 2005's record setting 16,224 units sold - more then 10,000 units have sold in the first half of 2007.
- 29 new projects expected to open in Q3-2007, adding 7,623 new units to the market.