Stats nerds and real estate geeks rejoiced today as RealNet Canada released their Q1 data for the GTA’s commercial real estate market.
According to the new data, the GTA property market surpassed $3 billion in total investments for the fourth consecutive quarter.
The Residential Land sector was a strong performer, posting its second best quarterly dollar volume on record ($691 million). This was second only to the fourth quarter of 2011 which logged an $825 million volume.
Camrost-Felcorp‘s $142.5 million acquisition of 21 Avenue Road in Toronto was the top Residential Land transaction in the first three months of the year. A new condo is slated for the site.
More generally, Q1 2012 was the second best performing first quarter on record in terms of total dollar volume and total number of transactions. Awesome news!
As usual, RealNet are satisfying our need for sweet stats.