New Toronto Condos in the GTA continue to lead new home sales according to RealNet Canada. Even now there are 364 active Condo high-rise projects underway, 73 more compared to just five years ago.
Five years ago there were 502 active low-rise projects underway but today there is only 3-8 active projects down 39 per cent.
What top expect in the future? For the last ten years the Real Estate Market in the GTA produced 40,000 new Homes and Condos on average each year.
It now appears new home sales are shifting towards the high-rise Condo market with new Condo sales so far this year at 60 per cent. Toronto is definitely on the rise for the future.