{"id":3649,"date":"2011-06-20T16:38:00","date_gmt":"2011-06-20T16:38:00","guid":{"rendered":"http:\/\/buzr.co\/?p=3649"},"modified":"2024-02-19T02:55:02","modified_gmt":"2024-02-19T07:55:02","slug":"best-may-ever-for-new-condo-sales-in","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/best-may-ever-for-new-condo-sales-in","title":{"rendered":"Best May ever for new condo sales in the GTA! Holy moly!"},"content":{"rendered":"

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<\/a><\/div>\n
BuzzBuzzHome Corp.<\/a><\/div>\n
June 20, 2011<\/div>\n
<\/div>\n

This is the right way to start the week off. <\/p>\n

The Building Industry and Land Development Association (BILD) announced today that low-rise, high-rise and total new home sales in the GTA were all up year-over-year in May 2011.<\/span><\/p>\n

High-rise condo sales posted the most impressive figure, increasing by 50 per cent. Single, semi-detached and townhomes (ie. low-rises) rose by 24 per cent. Total new home sales were up by 37 per cent.<\/span><\/p>\n

There were 4,289 new homes and condominium suites sold in the GTA in May.<\/span>
<\/a>
The stats from January-May 2011 indicate a 12 per cent rise when compared to the same time period last year. A 29 per cent surge in high-rise sales was behind this big increase.<\/span><\/p>\n

According to Stephen Dupuis, President and CEO of BILD, the factors causing these amazing sales figures include relative affordability (compared to global high-rise markets and local low-rise prices), low interest rates, and great building and suite designs in great locations.<\/span>

Amazing news! Here’s a more detailed breakdown of the impressive figures for you stats fans out there:<\/span><\/p>\n\n\n\n\n
<\/a><\/i><\/td>\n<\/tr>\n
Source: RealNet Canada Inc.<\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

BuzzBuzzHome Corp. June 20, 2011 This is the right way to start the week off. 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