News Formal

New home market in GTA rebounded in April, starts return to normal levels - constructconnect.com - Daily Commercial News

  • 📰 DCN_Canada
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 74%

Business News News

Business Business Latest News,Business Business Headlines

The GTA new home market rebounded in April with sales starting to return to more traditional levels, bildgta reports. altusgroup, BILD’s source for new home market intelligence, there were 2,391 new home sales in April, down% from April 2022.

DCN-JOC News ServicesTORONTO — The GTA new home market rebounded in April with sales starting to return to more traditional levels, the Building Industry and Land Development Association reports.

There were 1,064 single-family home sales in April, up 81 per cent from April 2022 and 16 per cent below the 10-year average. Single-family homes include detached, linked and semi-detached houses and townhouses . Although inventory numbers have moved closer to balanced market requirements of nine to 12 months of inventory, it is too early to suggest required inventory levels have resulted in a sustained balanced market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GTA New Home Market Returning to 'More Traditional Levels'New data from BILD and Altus Group reveals that April's new home sales in the GTA nearly doubled from the number seen in March, pointing to a rebound that's expected to continue through the spring market. bildgta | altusgroup | realestatenews
Source: storeyspub - 🏆 16. / 74 Read more »