{"id":446561,"date":"2021-03-01T06:03:16","date_gmt":"2021-03-01T11:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=446561"},"modified":"2021-03-01T06:03:16","modified_gmt":"2021-03-01T11:03:16","slug":"gta-new-home-sales-strong-in-january","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/","title":{"rendered":"GTA new home sales strong in January"},"content":{"rendered":"

\n1,506 new single-family homes were sold in January, the highest number of new single-family homes sold in January since 2006
\n<\/h2>\n
\n

Toronto, March 01, 2021 (GLOBE NEWSWIRE) — The GTA new home market saw a busy January, the Building Industry and Land Development Association (BILD) announced today.<\/p>\n

There were 2,171 total new home sales in January, which was up four per cent from January 2020 and 19 per cent above the 10-year average, according to Altus Group*, BILD\u2019s official source for new home market intelligence.<\/p>\n

\u201cThe 2021 new home market has started the year where it left off in 2020, with strong demand continuing for single-family homes and fewer new condominium apartment openings, which impacted condominium sales volumes,\u201d said Ryan Wyse, Altus Group\u2019s Manager, Analytics, Data Solutions. \u201cJanuary is typically one of the quieter months of the year, and given the ongoing pandemic and uncertainty, it\u2019s not surprising to see few new project openings this early in the year.\u201d<\/p>\n

Sales of new single-family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), with 1,506 units sold, were up 51 per cent from last January and up 66 per cent from the 10-year average. It was the highest number of new single-family homes sold in January since 2006.<\/p>\n

Condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units, accounted for 665 new home sales in January, down 39 per cent from January 2020 and 28 per cent below the 10-year average.<\/p>\n

With few projects launching in January, as is common for the time of year, remaining inventory decreased compared to the previous month, to 12,774 units. Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings.<\/p>\n

\u201cBetween the effects of the pandemic and the typical seasonal slow-down of new product launches, January\u2019s remaining inventory was the lowest we\u2019ve seen since January 2018,\u201d said Dave Wilkes, BILD President & CEO. \u201cThough much remains uncertain with the pandemic, industry and government must stay focused on increasing housing supply to bring balance to the GTA housing market.\u201d<\/p>\n

In January, the benchmark price for new single-family homes was $1,362,952, which was up 24.2 per cent over the last 12 months, and the benchmark price for new condominium apartments was $1,021,017, which was up 10.4 per cent over the last 12 months.<\/p>\n

\u00a0<\/p>\n

\n January New Home Sales by Municipality:<\/strong> **<\/p>\n\n\n\n\n\n\n\n\n\n
\n January 2021<\/strong>\n <\/td>\n\n Condominium Apartments<\/strong>\n <\/td>\n\n Single-family<\/strong>\n <\/td>\n\n Total<\/strong>\n <\/td>\n<\/tr>\n
\n Region<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2019<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2019<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2019<\/strong>\n <\/td>\n<\/tr>\n
\n Durham<\/strong>\n <\/td>\n39<\/td>\n27<\/td>\n26<\/td>\n683<\/td>\n153<\/td>\n48<\/td>\n722<\/td>\n180<\/td>\n74<\/td>\n<\/tr>\n
\n Halton<\/strong>\n <\/td>\n94<\/td>\n52<\/td>\n24<\/td>\n136<\/td>\n190<\/td>\n253<\/td>\n230<\/td>\n242<\/td>\n277<\/td>\n<\/tr>\n
\n Peel<\/strong>\n <\/td>\n75<\/td>\n94<\/td>\n132<\/td>\n130<\/td>\n201<\/td>\n80<\/td>\n205<\/td>\n295<\/td>\n212<\/td>\n<\/tr>\n
\n Toronto<\/strong>\n <\/td>\n367<\/td>\n634<\/td>\n537<\/td>\n23<\/td>\n16<\/td>\n4<\/td>\n390<\/td>\n650<\/td>\n541<\/td>\n<\/tr>\n
\n York<\/strong>\n <\/td>\n90<\/td>\n275<\/td>\n57<\/td>\n534<\/td>\n437<\/td>\n53<\/td>\n624<\/td>\n712<\/td>\n110<\/td>\n<\/tr>\n
\n GTA<\/strong>\n <\/td>\n665<\/td>\n1,082<\/td>\n776<\/td>\n1,506<\/td>\n997<\/td>\n438<\/td>\n2,171<\/td>\n2,079<\/td>\n1,214<\/td>\n<\/tr>\n<\/table>\n

\n
\n
Source: Altus Group<\/strong>\n <\/p>\n

\n With more than 1,300 member companies, BILD is the voice of the home building, land development and professional renovation industry in the Greater Toronto Area. The building and renovation industry provides more than 269,000 jobs in the region and $30.3 billion in investment value. BILD is proudly affiliated with the Ontario and Canadian Home Builders’ Associations.<\/em>\n <\/p>\n

\n \u00a0<\/em>\u00a0<\/p>\n

-30-\u00a0<\/p>\n

For additional information or to schedule an interview, contact John Provenzano, BILD Media Relations Manager, at JProvenzano@bildgta.ca<\/a>, (416) 617-7994.<\/p>\n

\u00a0<\/p>\n

*Altus Group should be credited as BILD\u2019s official source of new home market intelligence.<\/p>\n

**Historical data are subject to revisions.<\/p>\n


\n
\n \n <\/div>\n

\n
John Provenzano\r\nBuilding Industry and Land Development Association (BILD)\r\n4166443912\r\njprovenzano@bildgta.ca\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
1,506 new single-family homes were sold in January, the highest number of new single-family homes sold in January since 2006 Toronto, March 01, 2021 (GLOBE NEWSWIRE) — The GTA new home market saw a busy January, the Building Industry and Land Development Association (BILD) announced today. There were 2,171 total new home sales in January, which was up four per cent from January 2020 and 19 per cent above the 10-year average, according to Altus Group*, BILD\u2019s official source for new home market intelligence. \u201cThe 2021 new home market has started the year where it left off in 2020, with strong demand continuing for single-family homes and fewer new condominium apartment openings, which impacted condominium sales volumes,\u201d said Ryan Wyse, … <\/p>\n
Continue reading “GTA new home sales strong in January”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-446561","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGTA new home sales strong in January - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTA new home sales strong in January - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"1,506 new single-family homes were sold in January, the highest number of new single-family homes sold in January since 2006 Toronto, March 01, 2021 (GLOBE NEWSWIRE) — The GTA new home market saw a busy January, the Building Industry and Land Development Association (BILD) announced today. There were 2,171 total new home sales in January, which was up four per cent from January 2020 and 19 per cent above the 10-year average, according to Altus Group*, BILD\u2019s official source for new home market intelligence. \u201cThe 2021 new home market has started the year where it left off in 2020, with strong demand continuing for single-family homes and fewer new condominium apartment openings, which impacted condominium sales volumes,\u201d said Ryan Wyse, … Continue reading "GTA new home sales strong in January"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-01T11:03:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"GTA new home sales strong in January\",\"datePublished\":\"2021-03-01T11:03:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/\"},\"wordCount\":493,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/\",\"name\":\"GTA new home sales strong in January - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=\",\"datePublished\":\"2021-03-01T11:03:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gta-new-home-sales-strong-in-january\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GTA new home sales strong in January\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GTA new home sales strong in January - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/","og_locale":"en_US","og_type":"article","og_title":"GTA new home sales strong in January - Market Newsdesk","og_description":"1,506 new single-family homes were sold in January, the highest number of new single-family homes sold in January since 2006 Toronto, March 01, 2021 (GLOBE NEWSWIRE) — The GTA new home market saw a busy January, the Building Industry and Land Development Association (BILD) announced today. There were 2,171 total new home sales in January, which was up four per cent from January 2020 and 19 per cent above the 10-year average, according to Altus Group*, BILD\u2019s official source for new home market intelligence. \u201cThe 2021 new home market has started the year where it left off in 2020, with strong demand continuing for single-family homes and fewer new condominium apartment openings, which impacted condominium sales volumes,\u201d said Ryan Wyse, … Continue reading \"GTA new home sales strong in January\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-01T11:03:16+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"GTA new home sales strong in January","datePublished":"2021-03-01T11:03:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/"},"wordCount":493,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/","name":"GTA new home sales strong in January - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=","datePublished":"2021-03-01T11:03:16+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE2MDg1NyMzOTk4NjAwIzIxMzYyOTQ="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gta-new-home-sales-strong-in-january\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"GTA new home sales strong in January"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/446561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=446561"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/446561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=446561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=446561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=446561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}