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 Toronto CMA condominium apartment market ended a booming decade with a bang. New condominium sales in Q4-2009 were the third highest quarterly total on record, and the highest fourth quarter sales total. The resale market also surpassed CMA fourth quarter record highs in Q4-2009.
New Condominium Market
2009 was a classic example in reversal of fortune in the Toronto CMA new condominium market, starting out with the lowest first quarter sales total since 1995, and ending with the highest fourth quarter sales volume on record.
The Resale Condominium Market
The 4,215 resales in Q4-2009 represent a record for the fourth quarter. Strong market demand, a decrease in resale listings relative to demand, and a modest increase in new resale inventory pressured average resale pricing to rise aggressively over the course of 2009.
Future Condominium Projects
The condominium apartment market in the Toronto CMA went from bust to boom between the end of the first quarter and the start of the fourth quarter in the new sale market, and even faster in the resale market. Is it a fleeting burst, or is the market returning to 2007 levels?
New openings for March 5, 2010: