Condos are king in the Greater Toronto Area and Heres why
Records continue to fall in the nation’s hottest housing market.
Condo sales were up 79% year-over-year in February and far outstripped home sales for low-rise units.
“In the GTA in February, there were more than twice as many new condo apartments sold (as) low-rise units,” the Building Industry and Land Development Association (BILD) said in its latest report. “Altus Group recorded 3,542 sales of condo apartments in stacked townhouses and mid and high-rise buildings, and 1,541 sales of new detached and semi houses and low-rise townhomes.”
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