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
A total of 2,728 new condominium apartment sales were recorded in the Toronto CMA in Q1-2013, down by 29% from Q4-2012 and 55% from Q1-2012 — which was a record for first quarter activity.
New Condominium Market
Urbanation tracked a total of 386 high-rise condominium apartment projects in Q1-2013, including 358 active projects containing 90,507 units and 8,091 units in 28 sold out (and not registered) projects. 2,728 new condominium units sold in Q1-2013, a decrease of 29% from Q4-2012 (3,841) and a decrease of 55% from Q1-2012 (6,070).
The Resale Condominium Market
Urbanation tracked a total 232,559 resale units in 1,308 condominium apartment buildings in the Toronto CMA in Q1-2013. Twenty-three projects registered with a combined 4,859 units in the first quarter. The 3,204 resale transactions recorded in Q1-2013 were 9% higher than the fourth quarter (2,941) and 18% lower than Q1-2012 (3,888). The total number of listings (9,167) increased 25% quarter-over-quarter and 7% annually in the Toronto CMA.
Future Condominium Market
Urbanation is currently tracking approximately 257,000 units of future condominium supply in the Toronto CMA. The largest new project added to our future condominium section in Q1-2013 was a Lake Shore Boulevard West and Windermere Avenue project by Carterra that will feature two towers, 42 and 48-storeys tall, along with 847 units on the site of a former Four Points Sheraton Hotel.
New openings for April 22, 2013: