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2010 GTA New Home Sales Result Summary
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2010 GTA New Home Sales Result Perspective
The slide above demonstrates:
Third worst year since 2000 for total sales
Second worst year since 2000 for Low Density
Second Best year since 2000 for High Density
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Total New Home Sales by Product Type
Breakdown of total sales (36,803)
High Density Housing (Apartment, Loft, Stacked) - 55% of total
sales
Low Density Housing (Detached, Semi Detached, Towns) - 45% of
total sales
Record Market Share for High Density
Apartments continued to be the leading product type - last year
(42%) thisyear 52% (more than one of every two new homes sold was
an apartmentcondo)
Compare to 10 years ago
New Home Product Type 2000 20Detached 43% 2
Semi Detached 13%
Townhouse 15% 1
Link 2%
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Total New Home Sales by Region
The chart above shows area code 416 (yellow), area code 905
(green) and the
percentage of the total represented by 416. In 2010, 45% of the
total sales took
place in 416 vs. 55% in 905. This illustrates the total new home
growth in 416
almost double what it was ten years ago.
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GTA Condo Submarkets
SubMarket Projects 20
Downtown West 69
Downtown Core 17Sheppard Corridor 17
Bloor - Yorkville 18
North York West 16
Etobicoke Waterfront 8
Downtown East 16
Mississauga City Centre 11
North Yonge Corridor 10Highway7 - Yonge 10
Toronto West 13
Thornhill 6
Scarborough City Centre 6
78% of all condo sales occurred within the 19 defined submarkets
in the GTA
The most active condo submarket was the Downtown West accounting
for 23% ofthe total market sales
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Top GTA Builders
#1 overall and #1 Low Density Mattamy homes with 1,809 sales
#1 High Density - Tridel with 1,231 sales
Top 10 builders of each representing 36% of total market
activity
Low Density High Density
Builder Name 2010 Sales Builder Name 2010 Sales
1 Mattamy Homes 1,809 1 Tridel 1,231
2 Greenpark Homes 702 2 Liberty Development Corporation 944
3 Monarch 612 3 Daniels Corporation 882
4 Fernbrook Homes 503 4 Concord Adex 8755 CountryWide Homes 440
5 Monarch 791
Canderel Stoneridge Equity Group Ltd.
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New Home Index Price
Both Index prices broke through psychological ceilings this
year:
High Density crossed the $400k mark in January, closing the year
at
$441,663 (with average annual growth of approx 11% )
Low Density index price broke the $500k ceiling in October
closing the year
at $503,190 (with an average annual growth of approx 8%/yr over
the last 7
yrs)
Price gap between low density and high density has varied from
approx $40k
to $104k with an average of $75k. The gap is currently $61k,
which reflects
the levels seen in 2004.
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Total Active New Home Inventory
Total Active Inventories near record low levels at 22,902
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Land Investments
233 Residential Land Transactions greater than $1 million took
place in 2010
totaling $1.4B
