Urbanation. The authoritative source on the Toronto condominium market.
Since 1981, Urbanation Inc. has been actively tracking Toronto’s highrise condominium market. From projects in the planning stages, to new projects in the sales and construction phases, to completed projects trading in the resale market – Urbanation monitors the market’s performance, continuously collecting data and providing economic and statistical analysis to its clients with consummate accuracy.
In the News
Rebound in condo sales 'miraculous'
November 4, 2009
The city's condominium market experienced a "miraculous" rebound during the third quarter of this year, new data shows, just as luxury home sales also edge higher. More new condos were sold during that period than in the first two quarters combined, said Ben Myers, executive vice-president of Urbanation Inc., which tracks the Toronto condo market. And on the resale side, numbers hit a record high. more
In this issue
Market Overview
The momentum generated by near record high quarterly sales in the Toronto CMA new condominium apartment market in Q4-2009 continued into 2010, as Q1-2010 sales were the highest first quarter result on record. The resale volume was robust and resale index price appreciation strong in Q1-2010, despite the major influx of new listings.
New Condominium Market
There were 4,498 more new condominium apartment sales in Q1-2010 than Q1-2009, a whopping 491% increase. The 5,415 sales in the Q1-2010 was the highest first quarter result on record.
The Resale Condominium Market
The 4,215 resales in Q4-2009 represent a record for the fourth As with its new condominium market counterpart, the Toronto CMA resale market in Q1-2010 set a new record high for first quarter sales. The opening quarter is historically one of the slowest of the year for resale market activity; therefore the 4,290 resales in Q1-2010 represent an exceptional, ‘non-typical’ quarter built on the momentum of the last half of 2009
Future Condominium Projects
As many as 30 projects at nearly 7,000 units could launch in Q2-2010, and a further 10,000 units could come to market in the second half of 2010. 2007 is the only year in which over 20,000 new units were launched.
New openings for July 9, 2010:
- One Valhalla
- West Village Etobicoke - Phase II
- Yorkland at Heron's Hill