Thursday, January 31, 2013

New house prices soared 16 per cent in GTA in 2012: Report

Interesting stats from this article:

•New house prices have climbed 44 per cent just over the last four years as supply has decreased by 52 per cent;
•New condos averaged 804 square feet in 2012 ($542 per square foot across the GTA), just... 16 square feet smaller than 2011, as developers realized that size matters;
•A record 60,713 units in 237 condo projects were under construction across the GTA in 2012. Some 88 per cent of those units were sold before construction even started.