Home > Article >
GTA new home sales remain low in January – but with prices down and inventory up

GTA new home sales remain low in January – but with prices down and inventory up, buyers have a unique opportunity in the months ahead.
In January, 347 units were sold, a 40% decrease compared to last year. Condo apartments accounted for 101 of these sales, down 58% from January last year and 88% below the ten-year average. There were 246 new single-family homes sold, a 27% decrease from January last year and 63% below the ten-year average.
The benchmark price for new condo apartments in January was approximately 1.02 million, a 3.5% decrease year-over-year; the benchmark price for new single-family homes was about 1.55 million, a 1.2% decrease year-over-year. Additionally, the remaining inventory of new homes was 21,505 units, including 16,906 condo units and 4,599 single-family homes.
-
MLS® S12484477 53 Shelburne Avenue, Wasaga Beach, ON L9Z 0J4 New | 4 Beds| 3 Baths $2,300 BAY STREET GROUP INC. -
MLS® X12484575 2 Parklane Crescent, St. Catharines, ON L2T 3V1 51-99 | 5 Beds| 3 Baths $3,800 BAY STREET GROUP INC. -
MLS® N12484614 500 Alden Road 214A, Markham, ON L3R 5H5 $11 BAY STREET GROUP INC. -
MLS® W12484774 1523 Duncan Road, Oakville, ON L6J 2R5 5 Beds| 2 Baths $4,150 BAY STREET GROUP INC. -
MLS® N12484881 46 Gilmore Crescent, Vaughan, ON L4J 3A1 5 Beds| 4 Baths $4,700 BAY STREET GROUP INC. -
MLS® N12484889 426 Centre - 2nd FL suite N/A E, Richmond Hill, ON L4C 1B7 1 Beds| 1 Baths $1,500 BAY STREET GROUP INC. -
MLS® E12484939 106 Wye Valley Road Main, Toronto E04, ON M1P 2A8 3 Beds| 1 Baths $2,699 BAY STREET GROUP INC. -
MLS® E12484944 3A Bonniewood Road, Toronto E04, ON M1K 2L7 31-50 | 4 Beds| 3 Baths $1,095,000 BAY STREET GROUP INC.