rem-inv-x-const-status1 RealNet‘s always enlightening Informed Advantage blog published some excellent insights on the standing inventory numbers in GTA high-rises.

Standing inventory refers to the number of units available for sale in projects that have finished construction with units available for occupancy.¬†According to RealNet’s data, ther were 1,147 units in this category in the GTA as of October 31, 2012.

There are 407 two bedroom units and 307 two bedroom + den units for sale in completed new construction high-rises. That’s 62 per cent of the current remaining inventory.

“By contrast the 1 bedroom and 1 bedroom + den units account for only 20% of current remaining inventory in completed projects,” writes RealNet’s number cruncher Steven Hurst. This is definitely the key insight to take from these numbers: the significantly higher number of two bedroom units that are still on the market in completed buildings versus the number of one bedroom units.

Here are a couple of graphs and maps that provide extra insight into the standing inventory numbers.

rem-inv-x-const-status1

GTA high-rise remaining inventory by construction status. The green line represents standing inventory. Via RealNet

standg-inv-x-unit-type2

The 1,147 units broken down by unit type.

completed-projects-with-rem-inv-downtown3

The location within the GTA of completed projects that have unsold units.

completed-projects-with-rem-inv3

The location within the GTA of completed projects that still have unsold units.

completed-projects-with-rem-inv-downtown3

A breakdown of those finished projects in downtown Toronto with unsold units remaining.

Thanks for the insight RealNet!

Developments featured in this article

More Like This

Facebook Chatter