Urbanation, the leading source of information and analysis on the Toronto condo market, recently released its fourth quarter market review for 2010.
For the second consecutive year, the Toronto new condominiums market finished quite strong. With a flurry of sales activity, the fourth quarter resulted in 6,280 new condominums units sold, which is a 2,474 more units then the 2010 third quarter.
“The Q4-2010 new unit sales were much higher than expected, spurred by tremendous results at a number of new project openings in the City of Toronto. In the end, 2010’s total annual new and resale condominium sales of 37,041 units were just three per cent shy of the historic 2007 record of 38,306 units sold.”Said Urbanation Executive Vice President and Editor Ben Myers.
Read more on Urbanation's 2010 new condo sales results here.
