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new home development

York Region Leads in the 905-Region for August New Home Sales with More Than 1,000 Units Sold

new home developmentToronto, Sept. 28, 2020 (GLOBE NEWSWIRE) — The GTA new home market saw an unusually busy August, the Building Industry and Land Development Association (BILD) announced today.

A total of 4,539 new homes was sold in August, up 217 per cent from August 2019 and 119 per cent above the 10-year average, according to Altus Group*, BILD’s official source for new home market intelligence. It was the highest number of new home sales for August since Altus Group started tracking in 2000.

Sales of new single-family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), with 1,930 units sold, were up 355 per cent from last August and 139 per cent above the 10-year average.

Full Article: globenewswire.com