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GTA New Home Market Busy in January

Condos in VaughanThe GTA new home market saw a busier than usual January, the Building Industry and Land Development Association (BILD) announced today.

There were 2,106 total new home sales in January 2020, which was up 65 per cent from January 2019 and 14 per cent above the 10-year average, according to Altus Group*, BILD’s official source for new home market intelligence.

January new home sales included 1,100 new condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units, up 33 per cent from January 2019 and 12 per cent above the 10-year average. Sales of single-family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), with 1,006 units sold, were up 126 per cent from January 2019 and 16 per cent above the 10-year average.

Full Article: globenewswire.com

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