Greater Toronto Condo Market Showing Improvement

Toronto CondosThe high-rise market in the GTA showed another strong month with 2,928 sales, making it the second-best October on record, the Building Industry and Land Development Association (BILD) revealed.

Current year-to-date high-rise sales of 23,747 also set a new record for most high rise sales in a year – surpassing the 22,316 high rise sales recorded in 2007, reported RealNet Canada Inc., BILD’s official source of new home market intelligence.

The big contributor to this strong performance comes not from the City of Toronto, but from York Region, which saw high-rise sales more than double over its October 2010 counterpart, resulting in a 33 per cent increase year-to-date.

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Full Story from CNW

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