Sales of new condominiums in Toronto surged in the spring totally 2,963 sold units from April to June up 223 percent from 917 units sold from January to March of this year.
Consumer confidence, low interest rates and first-time home buyers have helped drive the spring market.
"This is certainly better than most people had expected," said Ben Myers, executive vice-president of Urbanation. He said July figures for new condo sales are also expected to be positive, noting "sales seems to be going well."
Read Tony Wong's full article "Sales of New Condos Surge in the Spring" in the Toronto Star (Aug 5, 2009)
