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 this issue
Market Overview
With 20,964 new condominium apartment sales through nine months in 2011, the Toronto CMA has already surpassed the 2010 year-end total (20,491). The CMA remains on pace to smash the annual sales record of 22,654 recorded in 2007, with approximately 26,000 sales expected by years-end.
New Condominium Market
The 20,964 sales through three quarters in 2011 would be the second highest YEAR for new condominium apartment sales. With approximately 5,000 sales forecasted for Q4-2011, the new market will break the record of 22,654 annual sales from 2007.
The Resale Condominium Market
There were 12,989 resale condominium apartment transactions through three quarters of the year in the Toronto CMA and resale volume remains on a similar pace as 2010, despite the record level of unit registrations. More units registered in the first nine months of 2011 than any previous year.
Future Condominium Projects
Urbanation is tracking 223,824 units of future condominium supply, up 4% from Q2-2011 and 9% from Q3-2010. Therefore, despite the record number of new condominium project openings, the number of future condominium units in new municipal applications is outpacing new units in project launches.
New openings for January 18, 2011: