Toronto New Condo Prices Rise, While Detached Losses Get Bigger Greater Toronto new home sales are picking up, but buyers are mixed on prices. Altus Group data shows new home sales across Greater Toronto made a double digit climb in July. Even with the rise in sales, trade volumes are still light this year. Prices followed with a mixed move – condo prices accelerating gains, and detached prices...

If you’ve followed Toronto’s new condominium market over the past 10 years, it’s been quite a ride. At the start of 2009, it was all doom and gloom, as the U.S. housing market crash and global contagion had the Toronto development industry players holding their breath. Forecasts called for 4,000 new condo sales in the Greater Toronto Area (GTA) that year, and with 930 sales in the first quarter,...