Monday, May 24, 2010

New Toronto Condos Highest Q1 Sales

Toronto Condos Downtown
New Condominium sales in Toronto in the first quarter (Q1) of 2010 were the highest recorded in the history of the Toronto Census Metroplolitan Area (CMA).

Urbanation, a Condominium Market Research company, said the first quarter of 2010 recorded 5,415 new sales.

The average Toronto Condo price per square foot was $443 in Q1-2010.

Almost 4,000 Condo units began construction in Q1-2010, equaling the total number of starts for the previous nine months.

Resale Toronto Condos remained strong with 4,290 resales reported in Q1-2010, almost double the 2,225 resales in Q1-2009.

Condominium builders are about to launch 30 new Condo projects in Toronto and the surrounding area totalling 7,000 units.

Looking for more information on new and resale Toronto Condos, then contact Iris Li, Realtor direct at 416-505-8023 or by e-mail.

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