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January 10, 2011

November was an epic month for new highrise sales in the GTA.

According to RealNet:

“November 2010 marked the best November since year 2000 of new High Rise condo sales with 2,293 units sold in the GTA, which is about an 8% increase over the previous high set a year earlier in November 2009. A whopping 46% of the sales were from new projects that launched in November – there were ten project launches in total.

Year-to-date (January to November) High Rise condo sales equals 19,710; 47% higher than for the same period in 2009.”

Wow! Some impressive numbers in there for the Toronto condo market, such as:
1. 46% of the highrise sales in November were from 10 launches in November; and,
2. 19,710 from January through November 2010. We cant wait to see what the final 2010 tally is for total new highrise sales.

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