Toronto Real Estate Update: GTA New Homes Sales in February up over January

 February 2008 New Home Sales Increased by 48% Compared to January 2008

 April 3, 2008 — RealNet Canada Inc. releases the February 2008 GTA New Home Market Report, providing insight into sales activity, index price and remaining inventory of Low Rise and High Rise projects by product type for each TREB district.

February 2008 Low and High Rise new home sales in the Greater Toronto Area totaled 2,562 units/lots sold, down 6% from the same time last year. February 2008 Low Rise sales accounted for 58% (1,495) of the new home sales activity in the GTA, with an increase of sales of 43% from the previous month and a decline of 19% from the same month last year. February 2008 High Rise sales totaled 1,067 units sold, up 55% over the previous month and up 20% compared to the same time last year.

Source: TREB (Toronto Real Estate Board)

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